BTCUSD - Nov Wk 3/4 resistance and support lines confirmed
Expire this chart on December 9
We've entered into a more aggressive bullish patten going into the holiday season with new support lines that will bring BTCUSD into the 13.5K territory in Dec Wk 1/2
Environmental signals are largely bullish, leading with news of CME Bitcoin futures trading beginning on Dec. 18 and Nasdaq for 1H 2018
No bearish signals on the horizon with exception of continued confusion over Bitcoin forking (historical and future).
Consensus on crypto twitter is we're entering into a new hype wave bringing new investors into the market which could indicate an increased level of price volatility with little affect to the long term trend.
As this bullish pattern is further validated in the coming days, we should have a strong price target on a tight range to usher in the new year.
We've entered into a more aggressive bullish patten going into the holiday season with new support lines that will bring BTCUSD into the 13.5K territory in Dec Wk 1/2
Environmental signals are largely bullish, leading with news of CME Bitcoin futures trading beginning on Dec. 18 and Nasdaq for 1H 2018
No bearish signals on the horizon with exception of continued confusion over Bitcoin forking (historical and future).
Consensus on crypto twitter is we're entering into a new hype wave bringing new investors into the market which could indicate an increased level of price volatility with little affect to the long term trend.
As this bullish pattern is further validated in the coming days, we should have a strong price target on a tight range to usher in the new year.
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