My 2 Cents Of Crypto - 1/15/2018 - Bitcoin/USD Technical Analysis

in #trading7 years ago

#BTC thankfully followed my prediction step by step. So congratulations to those who made gains, or cashed out and re-bought in the dip, let's talk about the further #BTC movement. Currently, #BTC is coming close to its critical point:

#BTC is likely to return to 13600 USD before bouncing back to $14200 #USD resistance line

If #BTC crosses $14200 #USD then our next resistance line is $15000 #USD. I will agree that the market is getting bullish but only if #BTC goes over 15300 and 17200 resistance lines. Those are the best indicators of bullish run.

What if #BTC won't go up and moves below support line? Then buy back at $12860 - 13052 #USD

I did this analysis one week ago. Some people say that this market is too unpredictable and #TA doesn't work. You can compare and see how #BTC was following my #TA throughout the whole week.