BTC update - where is the next resistance?

in cryptocurrency •  7 years ago 

BTC update:

Following on from my last post about supply and demand, here's a big supply level I'm looking at on BTCUSD.

I'm curious to see what happens here. I expect of course a significant bounce, but we could fake to the $14,100 mark which is a compressed zone. These sorts of areas require a big push to get through.

For now, that's my next level of interest

BTCSupply.png

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Nice post! How far do you think it might go down after it touches 14k? image

Maybe back down to the $9700 range. It's quite hard to tell how far something could bounce. Usually you just need to enter at the range and have a predefined target