The price breaks the strong support zone formed by the uptrend line and 10000.00 support level. MACD and DMI confirm further falling. RSI drops to the oversold zone. Probably the market will be reversed at one of the possible support zones. The 1st zone is formed by the bottom line of the descending price channel and 8000.00 support level. If the price drops below, the 2nd support zone will be at the uptrend line. These 2 support zones will be good for buying based on confirmed reversal signals.
Kommentar
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The price reached 8000.00 support zone. But we don't have any confirmations that the price bounces. We need at least 1 day for getting the 1st bullish signal.
Don’t you freaking love these people man?. Most have never posted a chart and go on making comments about how bad you are. It’s ok bro. Keep up the good work and just do your thing. I have some haters too and I’m just starting. Haha Good luck.
lardnicus
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There are so many people who are short right now just waiting for any opportunity to jump back in. As soon as that happens, get ready for a massive bull run...
amatyasko
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@lardnicus, There is no shorting on usd exchanges. The price on usdt exchanges is irrelevant because it is not part of actual demand.
lardnicus
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@amatyasko, BTC/USDT follows almost identically to USD... With the recent drama behind us, I am not sure your point?
amatyasko
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@lardnicus, because tether needs to peg usdt to usd but usdt exchanges follow gdax/bitstamp. The supports need to be watched for gdax and bistamp.
@DLavrov, It could be a Tether shit going on, there is a lot of reason's bro, but your chart's always the Best !
m4riovolp3
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During a lot of traders was facing a rollercoaster of emotions, I was keeping cool, holding shorts since 18240$
Nice and easy on the landing point. I will take 50% in "my pocket" and move the SL over the break even. Next stop <7280$ (+/-2%)