No big movement in BTC for next few days and Strong support at 12500

  Toady's update : Now $13667  

 [image source: cryptocompare.com] 

After Breaking our levels BTC touched lower levels 12933 and now trading at 13667.

Its very near to our all time support on closing basis 12500.

On daily charts huge-huge support on 12500 levels.

These levels are consolidating levels for lower levels and will take short covering from here to upward direction.

Upper side Small resistance 14130 , where again bears are strengthen and again moving downside to touch lower levels near 12800-12500.

Breaking below 12500, then ready to touch 10500 levels.

Previous Post :

All stop loss trigger and  downside move in channel pattern expect to touch 12500 levels. 

now trading near 13500.

Volume game taking out patience for bulls.Again good support at 12500 levels , which is previous support few days back.

In 4 hr chart still downside move, but again expecting huge short covering from lower levels.

Be cautious below 12500 levels as closing basis. 

Close below this levels make BTC to show more downside.

Below 12500 levels bitcoin can see more downside.

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 ,Prices in bollinger band took support at lower levels. channel not squeezing means , no big trigger for next few days and prices will be in consolidating phase. 

Looking sharply at 12500 levels and then bounce at lower levels expecting.  

BTC support and resistance :

Same as previous post mentions, and  BTC has same range as consolidation is on in upper band and range of $17750 -$12500 exist till it will not break upward $17750 and down side  braked 12500. 

BTC has a good support at $12500 levels. 

Upside 16500 then 17000 and final 17750 level with strong resistance levels and Lower side 12500.

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

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