RE: The PullBack Is Over (For Now): Cryptocurrencies Gain $28 Billion & Nearly A 50% Gain In The Last 48 Hours

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The PullBack Is Over (For Now): Cryptocurrencies Gain $28 Billion & Nearly A 50% Gain In The Last 48 Hours

in bitcoin •  7 years ago 

@dollarvigilante, I agree with you that it wouldn't be a bad idea to Slowly Wade back in to BTC. BUT be aware that the pullback Probably is not over. On the overall outlook I am still looking for a more defined pullback. As I look at the Charts while typing this I am seeing Strong resistance at the area from 2287 to 2360. If we can get a Daily Close Above 2384 then I would be looking for another Bull run to around lets say 5000.
I believe though we are going to have a slow to steady pullback continuing for a while longer. I would not be at all shocked to see the pullback got to the 1550 area. For that I am looking for a Daily Close Below 1898. If that happens then I would expect that next area of Support to be the 1550 Area.
But then again in a FREE Market anything is Possible. By the way I am a New Subscriber to your Newsletter and have to say am enjoying the content. Until next time Live Life, No Regrets!!!!

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