rejection on an important trend line.
i had published a chart on 12th august 2019 with the most important trend lines called 'MISSED SPOT OR AM I HALLUCINATING', the chart has been respecting those trendlines and currently btc has just been rejected at a resistance line. however its too early to say much.
currently the fib levels predict a good but not very strong support at 9190 to 9300. scalpers can make a quick buck here using margin trades.
if however 9190 fails to hold support then btc will drop more to 8300/8500
if 9190 holds, then a slow and steady rise to 12200(fib level 1.272) is inevitable and then there will be a sharp drop, so those who buy at 12200 will BLEED. check out my 'MISSED SPOT OR AM I HALLUCINATING' chart for long term trades. see you when i see you again.
currently the fib levels predict a good but not very strong support at 9190 to 9300. scalpers can make a quick buck here using margin trades.
if however 9190 fails to hold support then btc will drop more to 8300/8500
if 9190 holds, then a slow and steady rise to 12200(fib level 1.272) is inevitable and then there will be a sharp drop, so those who buy at 12200 will BLEED. check out my 'MISSED SPOT OR AM I HALLUCINATING' chart for long term trades. see you when i see you again.
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