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maheswar81
19. Dez. 2017 14:13

BTCUSD support levels, dnot panic 

Bitcoin / U.S. dollarBitstamp

Beschreibung

My support levels on COINBASE:BTCUSD

BTC levels are strong, it is very common to have retracement and it is healthy as well. After the Futures introduction, we have to get ready for big falls as it can be manipulated easily.

Just an Illustration:

To hold Long in futures, 47% margin has to paid ie., for 100k contract (close to 6 BTC), just pay 47k as margin and have a 100BTC wall on GDAX can help to push many folds and make huge money on Futures.

So expect fluctuations.

Red candles are common in trading, dnot panic.

Kommentar

BTC took support at 15920 and bounce back.

The level should hold to avoid any further fall.
Kommentare
DaveAnderson
if you had of drawn next support level you would have nailed it, 13200 hopefully the bottom
JeroenMasterTrader
I am mostly worried about the daily MACD and the high RSI
maheswar81
@JeroenMasterTrader, Yeah, when RSI is overbought, Price tend to react.

In an uptrend, RSI slowly comes down but the price goes on sidewise.
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