Bitcoin Trend / 18-12-2017

 Expected trading for today is between 18000.00  support and 20500.00 resistance  

Bitcoin price is completing some bearish correction after
testing 19750.00 and found support around 18000.00 level.

So What Next!

• The price now around 18700.00 and bitcoin resume its positive trades again supported by stochastic, towards 19100.00 level.

• Breaching 1910.00 level and hold above it will lead the price to achieve new high around 20500.00 level.

• 100 SMA is still above 200 SMA so the climb is more likely to continue than to reverse.

• Stochastic indicate that the buyers are in control.

• RSI show that the buyers are trying to regain the upper hand.

• Note, breaking 18000.00 and hold below it, will stop the bullish wave and will push the price to towards 17100.00 level.

Expected trading for today:
is between 18000.00 support and 20500.00 resistance.

Expected trend for today:
Bullish.

Source

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