BTC/USD - Juncture Level

30 thg 10, 2018

Bitcoin broke the horizontal support level (Unfortunately) so we need a contingency plan to protect capital. Now price is below this level there is a danger that price will retest the horizontal support zone as a new resistance. If this happens, we could get some considerable downside from here on. If price breaks up again, it will need to retest the transition zone as a support yet again to confirm that the bulls are in, and that the bears got trapped.

I personally believe scenario 1 is most likely out of the pair, just on a probability logic.

Let's see how things go from here!

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31 thg 10, 2018

Ghi chú

Pretty much as predicted. It hit the horizontal support and used it as a resistance. all looking PERFECT so far.

Updated analysis posted :-)

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