Trend lines show Bitcoin forming a Bearish Pennant. If $BTC performs a bullish break above the upper trend line, then will look to 11,650 as next resistance, followed by 12,700. If $BTC breaks down from the pennant, as the flag would suggest, then consider a short entry. Fib based on 11/12/17 low 5511 and 12/17/17 high of 19891 and shows strong support at 8588 and potential strong resistance where the .618 meets the downward trend line.
---
Crystal ball prediction: 11,005 in next 5 days, then to 9,600 to decide if it feels like breaking down and continuing the bear market, dragging alts down along with it.
---
Not financial advice, trade at your own risk. Thoughts / comments are welcome.
---
Crystal ball prediction: 11,005 in next 5 days, then to 9,600 to decide if it feels like breaking down and continuing the bear market, dragging alts down along with it.
---
Not financial advice, trade at your own risk. Thoughts / comments are welcome.