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RE: $BTS/BTC Poloniex Technical Analysis / Market Report Update #111, June 21, 2017.
COMMENT
(As seen on the 2 screenshots bellow), I pulled 2(yellow) lines on the 4h chart and then finetuned with the blue ones in the hourly
Pulled 2 more support levels (white) at 6.9 and 9.2k
If the bottom yellow till blue area breaks I would expect the price to go down towards the next support (9.2k) which could result in a heavier downtrend all the way down to 5k satothi.
If the bottom "yellow till blue" area shows to provide enough support I expect the price to go towards the top "yellow till blue" area where I expect some harder resistance, and if that breaks new all time highs are expected imho.
4 hour
1h
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