Chart shows two double bottoms and if the latter double bottom follows the former, BTC should pump and hopefully reverse to a bullish outlook. Chart also shows an ABCD pattern which also shows a bullish trend.
I expect price to reach at least $14,000 and use the $12,000 area (current resistance) as support once it breaks out.
CME contracts expire tomorrow (Friday 26 January 2018 at 16:00 London Time). I expect the bulls to take this one and relieve the pressure from BTC and all other alt-coins. Every crypto-trader knows how hard it has been to trade in alt-coins these past two weeks. A price boost to BTC should re-gain the confidence of crypto-invesetors. Expect a volume spike in alts since investors would be positioning themselves and expect prices to boost. Should be a very merry weekend.
This is not a complex analysis and I believe that sometimse we should take a basic approach in our reasoning and theories.
This is not an investment advice, always do your own research.
I expect price to reach at least $14,000 and use the $12,000 area (current resistance) as support once it breaks out.
CME contracts expire tomorrow (Friday 26 January 2018 at 16:00 London Time). I expect the bulls to take this one and relieve the pressure from BTC and all other alt-coins. Every crypto-trader knows how hard it has been to trade in alt-coins these past two weeks. A price boost to BTC should re-gain the confidence of crypto-invesetors. Expect a volume spike in alts since investors would be positioning themselves and expect prices to boost. Should be a very merry weekend.
This is not a complex analysis and I believe that sometimse we should take a basic approach in our reasoning and theories.
This is not an investment advice, always do your own research.
Trade attivo
$12,000 resistance is proving to be more difficult for BTC to break. Price seems to be floating between $11,000 and $12,000. ABCD Pattern is still active. No breaks has been made on either side.
Those who are deciding whether to get into crypto should be thankful for this discounted buy-in to the crypto market.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.