Bitcoin's gorgeous rally created a lot of friends but also made a lot of enemies..
It's not about the 'hash' or the 'Hard Fork' it matters who is behind all that and what purposes has.
To be more specific bitcoin is a digital decentralized cryptocurrency that cannot be controlled by institutions.I know what you thinking,yes there are a lot of digital cryptocurrencies but none gathered the value that Bitcoin did and traded like it.
So please take a deep thought behind these facts concerning Bitcoin recently.
TECHNICALLY
Bitcoin keeps it's upward channel that started since early's 2016,
Well above it's 200MA
We have a good support at 920 area and second support at 61,8% FIB Retracement
We also see a consolidation right now at 50% FIB Retracement at 1030 area.
First resistance at 1100 area.
Second strong resistance 1140 area well respected and last 1200area 23,6%FIB Retracement.
Volume has signs of weakening.
HAPPY TRADING GUYS!
It's not about the 'hash' or the 'Hard Fork' it matters who is behind all that and what purposes has.
To be more specific bitcoin is a digital decentralized cryptocurrency that cannot be controlled by institutions.I know what you thinking,yes there are a lot of digital cryptocurrencies but none gathered the value that Bitcoin did and traded like it.
So please take a deep thought behind these facts concerning Bitcoin recently.
TECHNICALLY
Bitcoin keeps it's upward channel that started since early's 2016,
Well above it's 200MA
We have a good support at 920 area and second support at 61,8% FIB Retracement
We also see a consolidation right now at 50% FIB Retracement at 1030 area.
First resistance at 1100 area.
Second strong resistance 1140 area well respected and last 1200area 23,6%FIB Retracement.
Volume has signs of weakening.
HAPPY TRADING GUYS!
Comment:
Successfully touched the trend line and bounced back.Nice behaviour by Btc..
Comment:
Next good ressistance/support level is 1100$ at 38,2% FIB.
