Toady's update : 30-12-17 Now $14420

BTC Resistance $15075 and ready to touch down $12500 soon.

Levels to watch 14430-12500

Previous Post 29-12-17:
As Expected BTC touched $13650 level and took bounce from these levels and upside can touch $15200 levels.

If BTC move above $15300 levels , then short covering can move BTC towards $16300 levels.

We can initiate shorts at below $15200 levels with strict stop loss $15300 for Targets of $12500.

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BTC momentum start above $12000 to $13000 and touched high of $20000 levels

and again corrected to $11700 levels , with steep correction.

Going upward and downward in momentum and now in consolidating phase.

This Phase of BTC is in trading range of $17750 -$11300 .

Every one expecting bitcoin will move only upside, so here patience will work and wait for write direction.

Till that Buy at low levels and sell on upper levels is the right phenomena to trade.

Bollinger band

You can see in chart Bollinger band , price are moving in band channels and breaking downside.
so wait for up side breakout and till that trade in range according to bollinger band.

BTC support and resistance :
BTC will be in range of $17750 -$11300 till it will not break upward $17750 according to support and Resistance.

Daily range is getting low as price momentum is getting low and range cumming out are 16330-12500 levels.

We expect BTC will touch lower levels 13700-12500-11700-11100 and 11100 is final support for up momentum.

BTC has a good support at $12500 levels.

Upside 15300 then 16300 and final 17700 level with strong resistance levels. Here heavy selling can come and again

short covering can make new highs for BTC.

My advice is to buy at low levels and sell on higher levels, play level to level as mention above.

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Disclaimer: Do your own research before trade and invest

Please leave your thoughts and feedback below!

Thanks for reading!