RE: Bitcoin Update: What's Going On With That Dwindling Price? I'll Tell You. Chart Analysis 26-06-2017 by drakos

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· @drakos · (edited)
I'll consider a strong support when I see daily candles going up. The daily downtrend hasn't shifted. But as I mentioned, if you look at shorter intervals like 15min or 1h, then sure you'll see more details support and resistance, but that's for the very short term. Such charts are useful for daily traders. Also, the support you saw is only 5%, it's nothing really, we get those moves regularly with every up and down swings.
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@digdaga ·
$0.48
Are you telling me to forget about buying a Ferrari (i was going with Audi R8 actually in Red)?
👍  
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@drakos ·
Audi R8? You just went up a notch in my book.
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@digdaga ·
$0.93
If we go below 1500, i will send you 50 steemit coins. And i am a man of my words.
👍  
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@teamsteem ·
What do you mean by 5% support? 

Where is the chart you're using coming from?
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@drakos · (edited)
What I meant is it's a normal 5% gain, like going from $2300 to $2415. Cryptos fluctuate often in the range of 5-7% daily.
I use https://www.tradingview.com for my charting (all annotations and analysis by me, if that's your concern), and the Coinbase value for consistence.
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@teamsteem ·
I wasn't sure that's what you meant. 

Tradingview, that's what I thought it was. Everyone is using it. I never used it. I will in a very near future.
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