$BTC Support/Resistance Trends 12-21

21 thg 12, 2017

First pass of 14600 bounced on BTC.. Doesn't look like strong support to me, but oversold RSI and a long term trendline can provide a nice bounce play. If fails on next test, long term support around 13000. If that fails 8000 is next line of defense. Very dangerous time for BTC. In order to maintain the parabolic advance BTC would need a 4 hour close above the 18000 area. A 4 hour close above 17000 would be stabilizing for this current move but for now, BTC is in a downtrend in my opinion.

All values Poloniex, not financial advice.