Bitcoin Trend / 14-12-2017
Expected trading for today is between 15200.00 support and 16700.00 resistance
Bitcoin could go for more losses from here as
16380.00 / 23.6% Fibonacci correction, was broken.
The price now around 16300.00 and head and shoulders / reversal pattern / spans $16,500 to $17,500 so bitcoin price could fall by around $1,000 towards 15200.00 level.
Stochastic indicate that selling pressure is in play.
RSI reflect profit-taking among buyers.
Note, Breaching 16380.00 and hold above it will stop the bearish wave to resume the main bullish trend towards 17500.00 level.
Expected trading for today:
is between 15200.00 support and 16700.00 resistance.
Expected trend for today:
Bearish.
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Your analysis always helpful, I follow you. thanks for sharing
Great update for bitcoin info and good analyses .
thanks for sharing
100% like and resteem
@lordoftruth payed 4.12 SBD to @minnowbooster to buy a stealth upvote.
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@stealthgoat
Excellent update and quotation . Better trade today. Thanks for sharing
Nice post!
I think the next year we will witness the price more than $20,000 and in the end of the year 2018 it may goes to even $100,000 , bitcoin is the financial wonder ☺
Excellent technical analysis my friend, thanks for telling us about the key support & resistance levels for today trading, it's helpful for me to understand the market, Stay blessed
Thanks for the update of bitcoin article & great information.
High value of btc15,200 $
Thanks @lordoftruth
Have a great day
wow.
its a great post..
keep it up
Thats a great insight, I also thinking that it will breach the 18k per bitcoin at the end of the year and will have a correction by January... You think my assumption wilk happen?