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FlyingDutchGeek
11 janv. 2018 07:06

Found support, bullish channel expected Long

BITFINEX:BTCUSD60
Bitcoin / DollarBitfinex

Description

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BITFINEX:BTCUSD

Commentaire

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Still inside the bullish channel need to stay above 13400. Volume is low - need more buying power to continue trend

Commentaire

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The picture has not improved. We have reached the bottom of the channel at 13400, lets see if the buying volume kicks in
Trend AnalysisBTCUSD
Commentaires
silmaril0875
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Not sure a flag formation on the drop is support. If it was support, it would pump, and from the volume, it ain't happening.
FlyingDutchGeek
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@silmaril0875, the volume/price action is similar to 30-12 when we gradually climed back to 17K
silmaril0875
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@FlyingDutchGeek, we not going back up...
FlyingDutchGeek
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@silmaril0875, aha... ok, I must be looking at a different chart then :)
silmaril0875
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@FlyingDutchGeek, Look at both times how the formation ended against support. It was always a ABC correction that hit the support line. This time we have only AB and we still need C which means we going down.
FlyingDutchGeek
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Going to test 16000 again for the 3rd time
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