We all know what is inevitable to happen. Its pretty damn clear whats going on now.Now Bitcoin retraces slowly upwards to last important resistance level to $435 /CNY 2800/ or slightly above it. We mustnot forget that huge and obvious divergence between price and RSI which causes price to come down so as a result price / probably on /January 1st when traders are sleeping their hangover/ drops sharply down to $380 or even lower in order to atract serious buyers with shitload of cash who jump after Bitcoin like a pack of buck wild f***n hungry vultures. Of course it sends Bitcoin price to the Moon and easy penetrates $500 threshold. next Resistance is somewhere between $600 and $700. However I wouldnot sell precious Bitcoin till we dont reach $1,200 again.
Note
hey guys whats up! Thumbs up and let me know what do you think in your comments below.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.