Bitcoin Trend / Weekend Update 16-17 Dec 2017

 Expected trading for weekend is between 17000.00  support and 20000.00 resistance  

• The price now around 19250.00 and technical indicators reflect bullish momentum that might lead the price towards 100 % Fib extension at 19880.00 / close to 20000.00 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 in the overbought levels but no signs of a correction.

• Moving averages / Gab / signal weak bullish momentum.

• 4-hours MACD in the bullish zone.

• Bitcoin price enjoy strong support as CME is expected to bring more investors.

• Note, If sellers return, a deeper pullback could be underway and breaking 17000.00 and hold below it, will stop the bullish wave and will push the price towards 15000.00 level.

Expected trading for weekend:
is between 17000.00 support and 20000.00 resistance.

Expected trend for weekend:
Bullish.

YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.

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