Hi all, I hope your day is great today because there is a slight rebound for BTC (as well as ETH and other crypto-currency)!. I got the following update on support and resistance levels for you:
Current price (at the time of my writing): 8410
Resistance 1: 8478
Resistance 2: 8600
Resistance 3: 9045
Resistance 4: 9500
Support 1: 8000
Support 2: 7800
Support 3: 7360
For those who took a long position on BTC today, I humbly suggest that you can be aware of the 4 resistance levels. Seems like it takes some time to break through resistance levels 1 and 2 if possible.
Entering the market now is a good time but you have to limit your loss by using stop-limit order since big drop, again, is very likely, in view of the the bad news recently (e.g. Google/Twitter going to ban crypto ads + SEC regulation + 80 coins removed by Bittrex).
So remember to set your stop-loss order at the level you can accept and adjust your order as the market goes. Warren Buffet once said, "never lose money" - it is the easiest thing to do in investment!
Current price (at the time of my writing): 8410
Resistance 1: 8478
Resistance 2: 8600
Resistance 3: 9045
Resistance 4: 9500
Support 1: 8000
Support 2: 7800
Support 3: 7360
For those who took a long position on BTC today, I humbly suggest that you can be aware of the 4 resistance levels. Seems like it takes some time to break through resistance levels 1 and 2 if possible.
Entering the market now is a good time but you have to limit your loss by using stop-limit order since big drop, again, is very likely, in view of the the bad news recently (e.g. Google/Twitter going to ban crypto ads + SEC regulation + 80 coins removed by Bittrex).
So remember to set your stop-loss order at the level you can accept and adjust your order as the market goes. Warren Buffet once said, "never lose money" - it is the easiest thing to do in investment!