Topic: 700$ - Support became resistance - page 2. (Read 1476 times)
So finally what I've been saying was true. I knew that it wouldn't last long. For me it will be 620$.
Posted this in another thread yesterday:
It's a W1 chart which shows the coin is overbought.
If charts mean anything to Bitcoin at all, this whole week could be a downward move. I voted for $620.
It's a W1 chart which shows the coin is overbought.
If charts mean anything to Bitcoin at all, this whole week could be a downward move. I voted for $620.
700 was support only at bitfinex where there it is already over 700 - so it is not resistance any more.
Idk... $700 didn't last long... Sitting at $698 right now so we'll see i guess. I'd say short term wouldn't go under $660.
your comment does not make any sense my friend. think about what you write for a moment.
first of all price is 700+ in some exchanges and 690+ in some others.
secondly what you said, $698 is only $2 lower than $700 in other words it is about 0.2% . bitcoin has more fluctuation in one day when price was stable at $600 now you worry about 0.2%?
It looks scary. Please vote.
What's so scary? For a trader these situations are a more than welcome happening. I have sold a few coins at the time the price reached $700 and I am now waiting to buy back (in case the price really goes down).
There are two possibilities right now;
# We'll see the rally pushes through the $700 level again where $750 might get reached.
# Or we'll head down to the lower area of the $600's.
In my situation, if the prices continues to go up, I'll sell some more till the top is reached, and when the price goes down significantly I'll be buying back. Either way, I benefit.
Idk... $700 didn't last long... Sitting at $698 right now so we'll see i guess. I'd say short term wouldn't go under $660.
Hidden bull divs on many indicators. Probably needs some time to reload and spring back.
it is too soon and too hard to say anything for sure right now about the bottom since this price ($700) has been reached recently. but the most possible scenario is that we will see $700 + $10 for a while and i doubt any of the POLL prices will be reached!
Daily BB middle line is approx 660 so I think it'll hit support there. If not, then perhaps high 500's/low 600's
It looks scary. Please vote.
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