Today's setback brought to you by MtGox brings us into a solid support range. Notice we're still well within stage 3 and found considerable support well above the trendline.
Before today, the price was pegged around the $1,000 which is a psychological resistance level. What does that mean? Take this example:
"Bitcoin is worth over $1,000!" vs "Bitcoin is worth $900".
See the difference? At $900 the next range that comes to mind is $1,000. Above $1,000 the next range is $2,000 (or $2,500?)
Assuming we break out to the upside of the triangle forming, I anticipate leaving this $1,000 level behind for good.
Before today, the price was pegged around the $1,000 which is a psychological resistance level. What does that mean? Take this example:
"Bitcoin is worth over $1,000!" vs "Bitcoin is worth $900".
See the difference? At $900 the next range that comes to mind is $1,000. Above $1,000 the next range is $2,000 (or $2,500?)
Assuming we break out to the upside of the triangle forming, I anticipate leaving this $1,000 level behind for good.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.