Tadej

Is the bottom in for BTCUSD? Nice wick forming on daily chart.

Long
Tadej Aktualisiert   
BITFINEX:BTCUSD   Bitcoin
Beside that RSI is on historical lows and chart patterns drawn seem to support it.

Not buying, just keeping an eye on it.
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Seems like falling wedge support couldn't hold the price so we fell bellow.

For now we stopped at next support predicted by VPVR indicator (volume peak at this price).
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Support around $4,3k broken...seems like we are going for $3k.
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Seems like we have some support around $3,8k.
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$3k was also a resistance and support in summer of 2017...I think it will act as support again, at least short term...
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Bounce on $3,2k, resistance at $4,2k
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Previous support around 4,2-4.3k hit. BTC still showing some strength.
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Bounce exactly at resistance. Let's see how much strength BTC has...
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Daily candle closed green just under resistance...BTC staying strong for now.
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BTC failed to break price area with a lot of volume in the past so it started bouncing back down.

Stopping above 3k-ish would be a positive sign for BTC price.
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