Bitcoin- Huge sell orders at $6200

in #bitcoin • 7 years ago

As Bitcoin moves towards its all time High ill be watching the 6200 level.

On Bittrex order book there are 53 bitcoins worth of sell orders at 6200. This could either act as resistance with price unable to get through, or if it is one large order it could be pulled as price approaches.

This will leave a vacuum of sorts and we could see price shoot well above 6200 until more sellers come in.bitcoin orderbook.png

bitcoin breakout.png

Let me know what you guys think could happen!

#steem #money #investing #life
7 years ago in #bitcoin by
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     7 years ago 

    $6200 = 1.618. Fibonacci rocks!

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     7 years ago 

    Awsome cryptblography, I just looked back at my chart and threw a fib on there. Looks perfect

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       7 years ago 

      Bitcoin is a law unto itself.

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       7 years ago 

      Its true. It does what it wants. Im just watching it happen.

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         7 years ago 

        #life
        Babe Ruth : Never let the fear of striking out keep you from playing the game.

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           7 years ago 

          Nice quote, thanks for stopping by

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