Raynil

Bitcoin $7000 Support

BITFINEX:BTCUSD   Bitcoin / Dollar
- If Bitcoin             breaks through $7000 support of this longer-term trend, sell.
- However, if support holds and Bitcoin             bounces, hold.
- Influencing news to watch: Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission (https://www.banking.senate.gov/public/index.cfm/hearings?ID=D8EC44B1-F141-4778-A042-584E0F3B9D39)

Disclaimer: Cryptocurrency trading/investing involves substantial risk of financial loss. The information provided here is simply to share ideas and opinions. You should not make any decision, financial, investment, trading or otherwise, based on any of the information. Anyone wishing to invest should seek his or her own independent financial or professional advice.
Kommentar: Support being tested now.
Kommentar: Support has been broken - continuation of a bear trend. Next support $4900
Kommentar: Price has re-entered the channel, with significant volume - perhaps a return to the original long-term channel.
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