Crypto Technical Analysis - 9/29/2017 - Bitcoin Is Back!
Bitcoin has recovered from the brutal pull back related to the Chinese banning Initial Coin Offerings.
The Reversal
In the chart, you see the $3000 level held as support once it reversed. Actually, the $3516 price point served as the next higher support level which was tested twice. Since September 22, Bitcoin has gradually move up. I see the next resistance area around $4494.
Bitcoin is back. I sold some here after the big run up. It appears that Chinese news was a buying opportunity.
Thanks,
This is really good news....we hope bitcon keeps raising.Thankz for the analysis and update
Hi @pairmike,
I booked profits today in my Bitcoin Trade and updated the Trade Diary!! Please have a look at :
https://steemit.com/trading/@aarcee/bitcoin-trade-btc-usd-24-oct-2017
Thanks :-))
Nice @pairmike : )
We are also back in !
https://steemit.com/trading/@aarcee/bitcoin-trade-btc-usd-01-oct-2017
Thankyou for sharing @pairmike
Thanks for reading.
I need to start following this. My son bought me a Bitcoin certificate for my birthday, so i am now curious about what it is all about!
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