Early Market Update and a Technical Look at Bitcoin and Gold Prices.
In this report I cover the early market action from London on Wednesday, December 20th, 2017. I focus as well on the technical picture for the bitcoin and gold prices.
In this report I cover the early market action from London on Wednesday, December 20th, 2017. I focus as well on the technical picture for the bitcoin and gold prices.
Bitcoin has not been spared by the general dip and we are going down again. This night's dip has brought us back into our long-term bullish channel. The trend is therefore logically on the rise in the short term. On the other hand, we have major reversal signals. We have just passed the MA50 for the first time in a month, a major correction may be initiated. On the other hand, for the moment, in the short term the signals are on the rise. Our Buy Limits have passed and we are now headed back to our point of sale.
The plan :
We will continue to accumulate pending the recovery while cashing in the first profits:
Buy limit : 15830 usdt (10%)
Buy limit : 14500 usdt (15%)
Sell limit : 17500 (50%)
Very nice post
@ffool7 Thanks.
Always welcome