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Bitcoin Bear Break Reaches Critical Support

By Deniz PaloCryptocurrencyOct 11, 2018 10:23AM ET
www.investing.com/analysis/bitcoin-bear-break-reaches-critical-support-zone-200348041
Bitcoin Bear Break Reaches Critical Support
By Deniz Palo   |  Oct 11, 2018 10:23AM ET
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Hello crypto friends, hope you're doing well!

Just like posted in the latest idea, we got our action: Bitcoin broke the bear flag bearish , and all of the Alts followed.

I've been telling you in my latest ideas that I would be looking at Ripple (XRP) and EOS, no matter in what direction grandpa Bitcoin breaks, just because those names would make the same move, but more leveraged.

=> I had beautiful and amazing gains with both Ripple and EOS of 10% already; see also my seperate Ripple Video.

Also Ethereum showed us that volume spike just like predicted – Magic? Nope, technical analysis!

BTC is now at important previous lows of 6.100, on Coinbase we've even broken lower. Because the bear flag was more flat this came, the bulls could show some reaction here.

Otherwise: Any break of the support zone of 6.100-5.800 will lead to the definitive break of the weekly equilibrium. In that case our bear-friends will be looking towards 5.000 psychological.

Bitcoin Bear Break Reaches Critical Support
 

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Bitcoin Bear Break Reaches Critical Support

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