Crypto Screener Forums Bitcoin (BTC) Forecast – Technical Analysis Bitcoin (BTC) Technical Analysis – September 2017 Reply To: Bitcoin (BTC) Technical Analysis – September 2017

#474
AndreSnyman
AndreSnyman
Participant

Btc Day Chart : Broken Support

BTC has broken Support on the day chart, the hour chart will give us direction for this week but btc is bearish!

Support is 4150, and 3980.

Resistance is : 4315 and 4500.

This is new territory for  a lot of traders as bitcoin recovered from every bearish signal that ever came up on the charts. It is normal for markets to move up and down, I think Bitcoin can test the resistance at 4345, if price action confirms the bearish signal we can move down to 3500 and even 2980! If 3980 breaks expect a sudden movement to 3500 and maybe 2980! I am a long term bull on btc so if this happens do not wait to buy but place orders to buy btc!