BitcoinUpdated BTC/USD - Still Bearish
The bullish trend started around the beginning of December '17. Medio December '17 the trend reversed in a bearish trend with the lowest of USD 9,200 couple a days ago, which also was the start of the bullish trend in the beginning of December '17. It bounced back and made a new support on USD 11,000 which is been tested last three days and holds!
It could not break through a ceiling of UDS 13,050. When breaks through 13,050, next target would be 14,350.
Trading range for the moment:
- Buy at 11K
- Sell at 13K
Note
Support of 11K broken. Next support test is 9,550. If it breaks, nexts support testing would be 9,100. If this breaks we will going down to 8K (support of end of Nov '17)
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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.
Disclaimer
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.