Bitcoin Trend / 22-12-2017

 Expected trading for today is between 12500.00  support and 16000.00 resistance  

Bitcoin price broke strongly 15500.00 level located near 50% Fib
and dipped below the 13500.00 few hours ago.

So What Next!

• The price now around 14200.00 and the bearish trend trying to push the price towards 13000.00 level, supported by EMA50.

• The selloff is more likely to resume than to reverse as 100 SMA below 200 SMA.

• The price probably making its way up for a correction as Stochastic and RSI reflect a pickup in buying pressure, before to continue its bearish trend.

• Breaking 13000.00 and hold below it will push the price towards 11600.00, followed by 10800.00 level.

• Breaching 15500.00 level and hold above it will cancel the bearish trend and will push the price up again.

• The markets are in full swing due a wild ride and numerous fundamental inputs, ranging from exchange issues to reports of manipulation, that drive high volatility.

Expected trading for today:
is between 12500.00 support and 16000.00 resistance.

Expected trend for today:
Bearish.

Source

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