Bitcoin's decending resistance linehello my friends.
There is a decending resistance line(purple line) that is keeping the price from being bullish. this line is created during April and has been touched for two times.
If it can pass this line then it is possible that the price break the upper line of the accending channel and next resistance is on 1.618 fib level. Otherwise Bitcoin will drop to the lower line of the channel and finds immediate support at $47K.
Good Luck
DISCLAIMER: The information provided on this article does not constitude investment advice, financial advice, trading advice, or any other sort of advice.
Boxing
Bitcoin on Boxing Day 2017, 4hr Golden Cross and long swingHope everyone had a good xmas
Bitcoin 4hr chart threw up a golden cross quite clearly and on the RSI too
small channel forming upwards but gotta beat the big red down trend resistance to start reach new attempts at new highs
still a lot at play here, long for now but could change in next 24-48hrs