Bitcoin heading towards target $17500 ,breaking above heading towards life time high

 

 [image source: cryptocompare.com]

Toady's update : Now $16484

My Next target is $17500 to Upside side. 

BTC after eating stop loss upside trigger with huge short covering.

My upper targets achieve 16200, but still resistance not ruled out.

After resistance 17750 will break then BTC can touch new highs.

Still Resistance levels are strong at 17750. 

Till that levels we can create shorts ,but now ranges are shifted  to 15500 to 17750.

Both levels will make decisive move in either side.

 

Previous Post :

Bitcoin to see support at $12830 levels and now can touch $13500 first then take support over these levels.

Hope full BTC may be in range of  $12800-$16200 for next few days.

Last post targets did not met as trigger down move  before moving upward for next few days. 

My previous post target   $17000 is going to meet next 2-3 days.

Going upward and downward in momentum and now in consolidating phase.

This Phase of BTC is in trading range of $17750 -$11300 .

Above 17750 levels bitcoin can make new high.

Every one expecting bitcoin will move only upside, so here patience will work and wait for write direction.

Till that Buy at low levels and sell on upper levels is the right phenomena to trade.

Bollinger band

[Image source : poloniex.com]

You can see in chart Bollinger band , price are moving in band channels and breaking downside.
So wait for up side breakout and till that trade in range according to bollinger band.

BTC support and resistance :

BTC will be in range of $17750 -$15200 till it will not break upward $17750 according to support and Resistance.

Daily range is getting low as price momentum is getting low and range cumming out are 16330-12500 levels.

We expect BTC will touch lower levels 13700-12500-11700-11100 and 11100 is final support for up momentum.

BTC has a good support at $12500 levels. 

Support now confirm at low levels.

Upside 15300 then 16300 and final 17750 level with strong resistance levels.

Here heavy selling can come and again short covering can make new highs for BTC.

My advice is to buy at low levels and sell on higher levels, play level to level as mention above.

                  Do your own research before trade and invest  

                 Please leave your thoughts and feedback below!     

                                             Thanks for reading!