Bitcoin
Short

2018 BTC Bear Market Support Levels

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I entered the market in early 2017 (BTC ~1,000) and have exited my positions (mostly trading ETH, XRP and OMG) at the orange ellipses. If support at ~6k does not hold I will be looking at the green ellipse support levels to re-enter the market. The only saving grace for BTC to kick off the next bull run eralier than anticipated would be the Wyckoff 'spring' at ~5,800 which I have covered in my previous Ideas. I am still waiting for real capitulation however. Those who entered late 2017 may have experienced this however those who entered early/mid 2017 have not experienced this yet and so I think if/when this happens there will be a massive sell off followed by a huge rebound at any of the support levels mentioned. It will be imperative to keep an eye on things and adjust plans accordingly.

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