It has been quite the ride for BTC the past few days. Upside targets of 6,800 and 7,400 were both hit before seeing a pullback to the first level.
Reformulate the Plan
Now that the above items occurred it’s time to review and know what to look for next.
Looking at the chart in this post you can see that 6,800 prior support came into play on today’s pullback and price proceeded to bounce right off of it.
That is a bullish piece of price action as attempt number one to recognize that as a support level succeeded.
Going forward this is the downside level
BTC Hitting our Price Targets and Testing 6800 for Support
May 12, 2019
Published by timm
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