BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
2439 20 7
HAPPY NEW YEAR
snapshot
new support line....
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IanChou Elmaddin
@Elmaddin, Thanks alot!
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IanChou Elmaddin
@Elmaddin, does the ABC correction still stand with B at around ~16000 originally mentioned before going down to the C point of ~7500? Thanks!
Reply
Elmaddin IanChou
@IanChou, the C level is the resistance for the uptrend. The repulsion from level C will entail for short position till 7/8 thousand.
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IanChou Elmaddin
@Elmaddin, thanks for the reply! I am wondering what would be the resistance to the current uptrend before we start the downtrend to 7/8k??
Reply
Elmaddin IanChou
@IanChou, resistance for uptrend 16/16,5k
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IanChou Elmaddin
@Elmaddin, thanks! the ta looks robust.
Reply
IanChou Elmaddin
@Elmaddin, now we are in a sub-downtrend to around 12k and then hit the resistance of 16k. Once it hits 16/16.5k, it will go down to 7/8k. Does this make sense?
Reply
Elmaddin IanChou
Reply
IanChou Elmaddin
@Elmaddin, thank you!
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