BTC Correction, Possible Bounce Area

17 февр. 2020 г.

BTC bounced once on area 1, but lack of volume and unable to break up last bear candle.
If, BTC break and close under 9600, we might go under 9000.
8700 looks strong enough to hold.

ALTs looks very bearish right now, better stay away and wait until BTC break out from the correction wave.

17 февр. 2020 г.

Заметка

Typo : 9400 not 9600.

17 февр. 2020 г.

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BTC tested the support area 1 more time, it bounced, buy volume is slowly coming back, candle close a pinbar (a bullish candle), however, its not close above the previous bearish bar. BTC still needs to close above 9850 for confirmation.

side note : ETH, LTC, XZC looking good.

18 февр. 2020 г.

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Seems like btc will continue the journey to upside.
Long term target 16.800

19 февр. 2020 г.

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Currently, BTC nearest resist is 10.250 (was hit), 10.380 and 10.920