BTCUSDT DEC analysis

15 בדצמ׳ 2017

BTCUSDTBTC

Analysis of current BTC situation, major resistance line at the $18100-200 mark with either retrace or continued bull run with targets shown above.

Other factors, Could see a sudden pick up in volume from profit takers in other currencies particularly XRP, LTC and XLM which have had a favourable few days, which will result in what I believe to be proportionally more weak hands than normal. As people bought in late and will be more sensitive to price fluctuations. BTC has not done the expected strong bull run on this price level which may queue into a retrace on the lower channel before coming back up with more force at a later date.

Opinions welcome.

16 בדצמ׳ 2017

הערה

On target to extend up to the 1.0 extension, expect 20,000 to be the new major resistance line. Bottom support should now form around the top of the middle channel 18,000.