Price dropped perfectly previously to our major support level. Now we’re seeing major resistance below 14120 (Fibonacci retracement, horizontal overlap resistance, bearish descending resistance) and a possible drop could occur at this level to push price down towards 11258 support (61.8% Fibonacci extension, horizontal swing low support).
Stochastic (24,5,3) is seeing multiple resistance around the 94% zone onwards.
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The technical analyzes are indicative, and do not give us certainty. They are indicative of a higher chance of success.
As it is a probabilistic event it may not happen. Bitcoin has proven great technology and it has great strength! The whole market was bleeding a little bit and Bitcoin bled for a period, probably manipulated for new players to get into lower bands.
Bitcoin has the best properties of money: divisible, scarce and secure! It is important who wants to get a position on time and have questions about what to do in trades and is not a professional, who SECURE their bitcoins, and let the dust eat.
They will certainly bear good fruit.
DO NOT BELIEVE IN THE BAD NEWS, FOLLOW YOUR ENERGIES AND THOUGHTS IN THE GOOD DEVELOPMENTS OF TECHNOLOGY!
mitchell.d.williamson
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Lets see if we can break through this last resistance to 16,xxx.
fkashem1986
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wtf are you talking about dude? how do you have two resistance, one above and one below?
GillesBernhard
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@fkashem1986, if you break the first resistance, then it become a support & the next resistance is the one at around 15k displayed here.
As it is a probabilistic event it may not happen. Bitcoin has proven great technology and it has great strength! The whole market was bleeding a little bit and Bitcoin bled for a period, probably manipulated for new players to get into lower bands.
Bitcoin has the best properties of money: divisible, scarce and secure! It is important who wants to get a position on time and have questions about what to do in trades and is not a professional, who SECURE their bitcoins, and let the dust eat.
They will certainly bear good fruit.
DO NOT BELIEVE IN THE BAD NEWS, FOLLOW YOUR ENERGIES AND THOUGHTS IN THE GOOD DEVELOPMENTS OF TECHNOLOGY!