BTCUSD support & resistance lines

26 thg 1, 2018

Here's where I see current and future support/resistance lines for BTC. Let's see what will happen after the futures contracts finalize tomorrow. There will be some trying to bring BTC's price down, so it could follow either of the blue lines. If it touches the 200-day MA, the correction will be full and I guess we'll see BTC only going up for a few months :)

28 thg 1, 2018

Ghi chú

BTC broke the corrective downtrend and now faces resistance at previous support at 12k. If we break that tomorrow, the next resistance will be the 50-day MA at $12600, which was also previous support. The 100-day moving average is now acting as support and I don't see BTC breaking below that in the near future. As the lightning network is now fully operational, although not really user friendly, I see BTC's price slowly going up. Positive news on that subject (beta for a wallet supporting the lightning network for example) can spike the price pretty high. Easy and cheap bitcoin payments with increasing adoption could be a real thing this year.
Here's the updated chart: