charterman

BTC a no go passing that 11800 zone. What's next?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
At times like these. BTC is anyone's guess.

Therefore, the best thing may be to watch support and resistance zones.

BTC has failed to break 11800 zone since its upward trend twice now.

Has reached 9300 and looks to be going for a second bounce.

Next support around 8400.

If miracle does happen and break occurs. Then next major resistance is 14000 zone.

Stoch indicates currently on the oversold side.

Binance hack may have had big impact. Which may mean traders come back once fear subsides.