TradingView
OctaFX_Official
Jul 3, 2019 7:16 AM

BTCUSD $10,200 key 

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin it attempting to recover bullish momentum after coming under downside pressure earlier this week below the $10,000 level. The $10,200 support level is the neckline of a bearish head and shoulders pattern with a large four-digit downside projection. The BTCUSD pair may also come under further selling pressure from the series of bearish candles across the weekly and daily time frames.

The BTCUSD pair is only bullish while trading above the $10,200 level, key resistance is located at the $11,800 and $12,400 levels.
If the BTCUSD pair trades under the $10,200 level, sellers may test towards the $9,000 and $8,500 support levels.
Comments
CryptoEngineering
About 90–95% of the traders /investors CONSISTENTLY lose money on Crypto Market either in a bull or bear market. This is a well-known and publicized statistic.And it’s true!

OctaFX_Official
@CryptoEngineering, that can be said of anything. Most entrepreneurs have a high % of failed ideas/businesses and relationships. The key is to learn from someone who has a track record in being able to win, over a long enough period of time as to teach the way to navigate the different market conditions.
CryptoEngineering
@OctaFX_Official, Agree with you dude!
DACapitalTrading
very nice view mate!
More