Whoa! Bitcoin dropping below critical $3850 support line - is the tipping point for a correction?

in bitcoin •  7 years ago 

Now I'm no T/A expert, but I know that Bitcoin has been flirting with the support line at $3850 all evening and it's been under it for the last 10-15 minutes.

I've been told if we lose this support it could start a real slide into a correction. The one some of us have been waiting for.

What do you think?

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i hardly sees the news about the price. I am having a headache in looking those numbers. LOL

that a huge dip right, last time i read BTC has been beyond $4000

Yes but it's back up now :-)

Buy LTC as hedge

  ·  7 years ago (edited)

3770 now.. just another big dip... let' see... but there seems to be upset about fees and confirmations times...

bitcoin nice post clemdane! keep it up! and thanks again for following!
smiley-money-face.jpg

now a days i think bitcoin price is somewhat stable but in future it will go high...

I think so. Only a small part of the world knows about it now.

just promoted your post :-) success

Captura de Tela 2017-08-22 às 14.36.32.png

Very much appreciated!

Im holding mine and shorting 1/3 position until 3476 area, there (3476 3400) I will start to close my short and maybe if holds above 3400 re-buy with my shortsell profit :-)

upvoted and resteemed u :-)

Good idea. But I guess we rebounded this time. I think it came out that BCH's hash rate plummeted and BTC's is improving.

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Answering my own question: nope!