BTC heading LOWER 4 Levels to watch

26 במרץ 2018

Simple tend line analysis. 4 lines to watch. Blue line has been support since July 2017 and and will land us at $7200 - 6950 range and is strongest IMO. Pink has been support since parabolic move started one year ago at $800 and would land us in 4.5k range. Orange line is support from November 2017 lows and would land us at $6580 range. Green line is most recent support since Feb 5 low and will land us at $7800 range I think we've very likely to bounce hard at the blue line ($7200 - $6950). $7650 -$7800 would be first attempt at a bounce to MAXIMUM the upper part of bear pennant ($8800 - $9000) but probably won't even get there with dead cat bounce and continuation to 7200 - 6950 region. I think $7000 is a nice round number to get a massive bounce from and possibly reverse.