Techinical Analysis Update Bitcoin - BTCUSD - 7/25/17

in bitcoin •  7 years ago  (edited)

Bitcoin




Watch chart live here
Previous post here


We got into the buy area I was talking about in my previous post. If you were able to fill up in the buy area, chances are you bought the dip.

We have a good bounce on the 38.2 % fib line aswell as this area was the previous consolidation area before the crash to 1800. This support area should be really strong we should test the break out resistance 1 before support 1 in my opinion.

I wouldn't be surprised if there was one more correction coming , At the moment I am long and ready to fill all the way down to 2400 again, If support 1 breaks the bottom will be around 2200.



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This post received a 4.4% upvote from @randowhale thanks to @natra! For more information, click here!

Upvoted and also resteemed :)

Nice post. I like the tech analysis and appreciate the info.
Upvoted and re-steemed
thanks

Thank you.

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EOS and LTC I think are good long term investments I have them both in my portfolio. I hate XRP with a passion so I will never chart or hold any ripple.

This post has received a 1.89 % upvote from @booster thanks to: @natra.

Awesome report, super informative @natra

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Grate post.
Upvoted and also resteemed