Bitcoin takes all-time high into its sights

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The Rally of Bitcoin ( BTC /USD) doesn't know any stops, so you should be prepared for a touch of the all-time high from 2017 sooner rather than later. In fact, depending on the crypto exchange and the price, a different all-time high was defined in the past. However, the USD 20,000 mark has a certain attraction anyway, so you should be prepared for a touch of it before the weekend. A bullish turning point was generated on the previous day (24.11.). During the currently very pronounced impulse movement, you should be prepared for previously unknown price levels above the round mark of USD 20,000 per coin.

However, a potential turning point is already sketched for the beginning of December. Especially around December 4, you should therefore be prepared for the formation of a local high, which should initiate a reversal movement. At the beginning of the upcoming month at the latest, we will evaluate the Bitcoin more precisely in order to identify possible correction targets.

An excerpt of past turning dates:

- Bitcoin High 18.11., tolerance 3 days
- Bitcoin Low 18.10., tolerance 2 days
- Bitcoin High 13.10., tolerance 1 day
- Bitcoin Low 25.09., tolerance 2 days
- Bitcoin High 18.09., tolerance 1 day
- Bitcoin Low 07.09., tolerance 1 day

(Our turning dates have an average tolerance of 3 days)

Within our Swing Trading strategy we use three special analysis methods. Only partial aspects have been published in this article and do not constitute a complete trading system or investment advice.


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