Crypto Technical Analysis - 9/29/2017 - Bitcoin Is Back! by pairmike

bitcoin · @pairmike · Sep 30 '17

$1.94

Crypto Technical Analysis - 9/29/2017 - Bitcoin Is Back!

<center>![enter image description here](https://lh3.googleusercontent.com/JFvSQ2nxd3tnOWxsiwut3a2FvtavPu4Hv_WUHueuGLFq9PUjwrNS89qlcnQoLAOib7er9OaCzwrDBA=s200)</center>

Bitcoin has recovered from the brutal pull back related to the Chinese banning Initial Coin Offerings.

#### The Reversal
In the chart, you see the $3000 level held as support once it reversed.  Actually, the $3516 price point served as the next higher support level which was tested twice.  Since September 22, Bitcoin has gradually move up.   I see the next resistance area around $4494.  


<center>![enter image description here](https://lh3.googleusercontent.com/6idq5cfgk_AJ44V1hnZloT4L6CgqpJDBp5atM-fDV3_Vz0EnflBTbxtexxj8GsNLWmaE9oaRcBzwYA=s1600)</center>

Bitcoin is back.  I sold some here after the big run up.   It appears that Chinese news was a buying opportunity.  

Thanks,
  
[@Pairmike](https://steemit.com/@pairmike)

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👍 newhope, hanshotfirst, taskmanager, eirik, steemprentice, mgibson, bidnat, prizeportal, oliverstoney, commenthunter, nazarwills, aarcee, d3nv3r, olesya1989, cmtzco, hasanuddin, kanchana, bulipaptich420, tskeene

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@nazarwills · Sep 30 '17

Thankyou for sharing @pairmike

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@steemfactory · Sep 30 '17

Thanks for reading.

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@aarcee · Oct 2 '17 (edited)

Nice @pairmike : )
We are also back in !
https://steemit.com/trading/@aarcee/bitcoin-trade-btc-usd-01-oct-2017

👍 aarcee

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@dmcamera · Oct 2 '17

I need to start following this. My son bought me a Bitcoin certificate for my birthday, so i am now curious about what it is all about!

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@odsam2 · Oct 6 '17

$0.26

This is really good news....we hope bitcon keeps raising.Thankz for the analysis and update

👍 good-karma, esteemapp, feruz, bounties, steempoll, demo, tipping, mysteem

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@steemitboard · Oct 11 '17

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@steemitboard · Oct 18 '17

Congratulations @pairmike! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

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@aarcee · Oct 24 '17 (edited)

Hi @pairmike,
I booked profits today in my Bitcoin Trade and updated the Trade Diary!! Please have a look at :
https://steemit.com/trading/@aarcee/bitcoin-trade-btc-usd-24-oct-2017
Thanks :-))

👍 aarcee

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