BTC - Target $7,600 and important support

in #btc • 7 years ago

Disclosure: I have a long BTC position (long-term i.e. not for trading)

I think BTC / USD is in its corrective wave 2 with a target at $7,600.-
It will be important to see if the support line (red line) is broken or if BTC rebounds.
I favor a rebound with then the start of wave 3 and a target on the green resistance line.

In case you decide to go long on the support line make sure you have a stop-loss in place.

Legal Disclaimer: I am not a financial advisor. This article is only meant for use as informative or entertainment purposes. It is not a recommendation to buy or sell anything.

#vincentb #bitcoin #cryptocurrency #blockchain
7 years ago in #btc by
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     7 years ago  

    Thanks for this Post!

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     7 years ago  

    Let me add a chart with a bigger picture. So, I think BTC will test $7.6k and then rebound to $12k.

    Alternatively, if it breaks the red line (support line) then -> $5k ...

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     7 years ago  

    Thanks, I was thinking of buying, will wait

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