moker-X

UPDATE - 220 finally broken, Bitcoin heading for 200

Short
BITFINEX:BTCUSD   Bitcoin
Finally, after a couple of days of sideways action bitcoin price broke to the downside, breaking 220 and causing a mini panic sell off. The price touched 213 and hasn't seen any decent recovery, which makes me think that there will be a continuation of selling which will take us to 200 (or even a quick dip sub 200).

After visiting 200 I think we might see a little rebounce just to test the 220 resistance, which will not be broken. From that point forward I think we will see some more sideways action, with a slow-motion fall towards 200 again. Things will eventually speed up as we approach the previous bottom of 165.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.