Please find the updated chart analysis of Bitcoin, I am still bearish on bitcoin until the CME futures expiry on 26th Jan. Lets see how BTC wants to break out bullish or bearish. But considering the Total Market Cap and Bitcoin dominance I dont see any huge volume for Bitcoin to be bullish. PS: I am not your financial advisor and these analysis is only for...
Though Bitcoin broke out in 15 Min chart its not a strong break out! Should wait and see how it behaves, as CME contract expires on 26th many are expecting bitcoin to be bearish.
BTC brokeout the support line which was marked in Yellow color should see now how the resistance and support line in white color will hold
May find buyers in an expanded demand zone near 11000 , small trade size recommended
As per the analysis, Trend is slow but consistent towards up direction. If everything goes right we will be hitting soon 15.5 K boundary around 24th January 2018. Let see how it goes and how mesmerizing it would be :) Current @12315
Brief analysis I see a sharp bounce from 9222. This low was just shy of the Gartley PRZ near 8700. It has been approaching a possible reaction zone near 13000 and strong resistance near 14000. Price action there will reveal the future course of action. We have strong support at 8700. The traders should turn bearish only below 8700 because then there will be a ...
28-Dec-2017_Bitcoin_Sell BITSTAMP:BTCUSD
Bull would be ridding slow but definitely would be reaching to the high limits end of the month.
this is just my version i could be incorrect . that i leave it to you to decide.
BTC will going to take support in the range of 9000 to 10500 levels it is going down with decrease in Volumes. this kind of major corrections has happened many time before.
After the recent majot fall in BTC, I recommend you to Buy BTC form here, for the targets of 24000$ this year. your Stop loss Should be below 9400$.
BTC spot at 11257, potentially forming series of lower high, it’s highly expected as it test 13K figure, come back down up to 8200/- and if breaks 13K and followed 15k, it would potentially confirm bullish flag, expected to break 24K also. Take your decision wisely.
fib suport levels with EMA MA DMI suggest its down time. just be patient till next support level
Guess even if the price is dropping BTC seems to be in a huge pennant triangle... Only time will tell..
Exchange : BITFINX Time Frame : 4hr Analysis : 1. Momentum is Increasing with decrease in price, Expect a Sudden Jump! 2. Strong Support Levels around USD 11950 Take Profit! 1. Buy Around : 11950, accumulate till 11500 ----a. Buying Strategy -------a1. invest 30% capital around 11950 -------a2. invest next 30% capital around 11600 -------a3. invest...
look like long term trend line brech ... my move lower .
bitcoin look like establishing second top and can see a dip from here to 10400 then a upside possible with target of 26000 if the level supports . good day for short entry