⚠️#BTC (Bitcoin) & Market Update - Mar 23 2018
> Current Price:
$8,588.90 (-4.56% 24 HR)
> Supports:
S1: $8,400
S2: $8,200
S3: $7,500
> Resistances:
R1: $8,800 (light)
R2: $9,200 (strong)
> 24 HR Volume:
$5.4B (lower than average)
> Notes:
#BTC hit the $9,100 level resistances these past few days and continued to test it, as expected. Look for supports at $8,400 to likely hold and a slightly lower support at $8,200. If $8,200 breaks we could see another drop to $7,500 levels. But, with the current market sentiment, it seems less likely.
Triad's analysis/prediction: We think #BTC will still be continuously testing the $9,200 resistance level these days. Look for sideways movement. Currently volume is not strong enough to justify a breakout yet past $9,200 to the $11,000 & $14,000 benchmarks.
> Recommendations:
- #Alts: Entry points target when/IF #BTC goes below $8,000. Keep an eye out for this level.
- #BTC: Look to enter #BTC below $8,000 to $7,500.
- #FIAT: Recommend to wait for entry.
- Breakout: If $9,200 holds with volume, expect breakout to $11,000. #Alts will follow suit.
Post #653
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Forwarded from Triad Trading Group™ Signals