BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Some major support levels to keep in mind. The most healthy bull run will come only once we have run out of sellers, so anything fairly low would be very healthy - and would also help kill off the 90% of altcoins who have made little to no progress on their promises (through being over-ambitious, badly managed, or just a scam) and have now only dwindling funds. This will leave more investment for the best projects and better gains for us all.

So place your bets... which of these will be the BTC bottom over the next few months?


Save crucial space on your Trading View chart by utilising the free RSI and StochRSI indicator which overlays both in a clear and helpful fashion. Add the essential 50, 100 and 200 moving average to your chart too.

Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
Comment:
Comment:
Comment: A perfect bounce off the (black) downward support at $6700 confirmed in the first weekly candle since I posted this. Now finding resistance from the (grey) long term support and close to falling back beneath the weekly 100MA.

I would be very surprised if over the next month we don't flirt with the $5k zone... with no bull run until after the Satoshi Roundtable Feb 7-10th, and possibly not until after the halving in May.

Comments

Not bad when looked at today!! Well done!
Reply
I'm not expecting to break downtrend support
Reply