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RE: 1/1/2017 The Market View and Trading Outlook

in #bitcoin7 years ago (edited)

Not seeing a BOOM.. more like a tiny firecracker as opposed to a fourth of July Spectacular. Which exchange are you looking at I have $13980 on GDAX and $13898 on Bitfinex, no $14,100 that I can see. $14,000 is now key 2 hour and 12 hour resistance. Volume is mehh.. 1k in an hour. Breakouts typically occur on 3-5k or better. We need this 12 hour to get us into a 1 day buying period, experience another 12 downturn with little pain, a follow on buying period that brings the 3 day green.. Then we will be happy. If we were to compare the current 12H and 1D its similar to a 1 hour buying period against a 4 hour selling period, meaning gains may be somewhat underwhelming.

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