New projections on BTCUSD


After this massive sell-off for the past week or so...we might see further capitulation BUT

10k level acting as a support is in play and has to be taken into account. Next support at 7k.

Trade saffe, Trade well.
How did u get 7k as support? You only have 1 fib line?
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hatzitesla TStolpe29
@TStolpe29, no its a 0.618 projection from previous analysis I did
Thank you
TStolpe29 hatzitesla
@hatzitesla, okay just wondering, because many have $8,000 as their bottom
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hatzitesla TStolpe29
@TStolpe29, well support levels can be more or less random...how can you predict something like that down to the pip? My projections are more like a tactical approach to entry prices...not precision you can not have precision in trading...only good approximations
TStolpe29 hatzitesla
@hatzitesla, ah okay, thanks for clarification. very helpful
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