Bitcoin has broken my support level dating back to the 6th Feb

Yesterday was the first time that I had moved my support and resistance zones in over a week, I just felt that we had quite a strong level of support at $7600. But now as we have broken through the $7600 support and sit at $7535 after breaking through the support line dating back all the way from the 6th Feb which was set at $7592.

It makes me wonder if the downward trend will find support on the red downward trend line if we break this line I can see us coming down to find support at the support line that dates all the way back to 16th of July 2017.

in the short term 4-6 hours I expect us to go have a small bounce back up and in the long term I expect us to test the support level at $7100

評論:

I see us having a bounce soon of about $200 - $300 before coming down more to find support at $7100