BitcoinShort
Bitcoin Breaking Major Support - Support Becoming Resistance H4
Price broke major support and then re-tested from underneath and looks like it's being rejected, this is support becoming resistance as you can see here on the H4 chart:
This was on the 16th, price was at a key level and could have bounced at 11k or broken under, the market has decided to go down.
The next major support area is the bottom of a trend-channel between 7-8k. Price has been respecting this channel and traded in it for almost all of 2017:
This was on the 16th, price was at a key level and could have bounced at 11k or broken under, the market has decided to go down.
The next major support area is the bottom of a trend-channel between 7-8k. Price has been respecting this channel and traded in it for almost all of 2017:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.