BTC Should find a bottom here just under 10k

in bitcoin •  7 years ago  (edited)

After the drop to under $10k yesterday, the support around $9600 looks to be holding rather well and price is bounding up from here. This could be a very good place to add to your bitcoin position. Short term target is around the $13000 area. Support and resistance lines can be seen in the chart and it is self explanatory.

Disclaimer - This is for educaitonal purposes only.

I don't use elliot wave, I don't use indicators of any kind, I trade just reading the chart as it is and drawing some lines. I find it is the best method for me, beats using indicators that are lagging and giving you late signals.

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Cool, following you. Whats your current favorite coin/token?

Thank you. Currently I am only holding BTC, no alts yet, still waiting for them to finish their downmoves before I am interested in buying any of them.