kingretep
Long

Road past 10k resistance to 12k BTC

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
We've just seen a 5 day period of consolidation followed by a 48hr $1500 price hike in Bitcoin             . More often than not, a prolonged period of consolidation resolves in a big upside move, and the greater probability is therefore that BTCUSD             will continue to rise. I think we will hit some psychological resistance at the 10k level and am therefore looking for a good consolidation at current levels within the 9500 to 9800 range.

CME Bitcoin Futures             are expected to launch around 11th December. I've set a target at 12k and I'll be revising my strategy and potentially looking to sell some positions around 10th Dec. During this period I anticipate resistance and consolidation at 10100, 10800, 11,200 and 11600 as these levels are similar to those bitcoin             often meets with resistance based on previous breakouts to all time highs.

I've set a sell off area on the event of an unlikely retracement, in the region of 9,400 to 9,100.

Trade active
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out