JoyBoyVegae

Buyers Retrace; bitcoin formed a new support

BITSTAMP:BTCUSD   بتكوين
After the Feds increase interest rates and unemployment still rising even 200,000 jobs had added and still under 17K. It is bad news but had you notice the new support formed about 16.8K zone?
It is about the mega whales lures .. it’s a lot of info go and find out.

What I see now the buyers demand zone under 17K bitcoin should mid term retrace.. in order to drop more.
18K ,20K and lastly we might see 28K as the top. Becareful it’s volatile and the unexpected drop reversal will come anytime , trade safe.

If 16K is the bottom then we are bullrun to start but I don’t think so but I still see 12-10500K zone is the bottom.

Let me know your analysis and opinion down the comments, bitcoin can not drop more until the buys retrace.

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