BitcoinPanjang
BTC First Two Major Resistance Levels Daily Chart
Telah dikemas kini
According to my charts on the Daily Graph, your first two Major Resistance Levels according to the Fib is 5700 and 6246/6250 price with the BTC/USD pair on Coinbase....give or take depending on how sharp my pencil is.
What we were seeing prior was some resistance walls about every $100 in price, even every $50 in price, so 4000, 4050, 4100, maybe then 4150. What I am seeing NOW is that while those $100 short term resistance levels will still hold, they will become less important as we move forward, and certainly $50 incremental resistance will pretty much fall to the back burner. THAT means that short term incremental resistance will start to move more towards the $100-$250 range, so you'll see some push back $5700/5750 (Key as they are both $100 and $250 increments) and then 6000, 6250, 6500 and so forth. These are key levels to keep an eye on.
We will see some seasonal uptick in price taking us to the end of December. We will temper this with hard fork news etc. This should bring us to somewhere between 6000 and 7000 by year end, but I will split the middle and say that 6500 is a perfectly attainable high somewhere between now December 31st unless 6250 becomes a sticking point, but I don't think it will.
Historically, after the holiday high, we will see some pull back. Unless we get some good surprises along the way. I am always cautious going into the New Year, but that is pretty far out for my crystal ball to make a clean prediction right now. Accordingly, I am happy with what looks like a solid uptrend until 12/31....then we re-evaluate going into January and February.
2018 will probably see more and more Institutional buying, hedge funds, Goldman Sacs, an ETF perhaps. When you start to see all of this we are then in the second phase of growth, The third and final phase will be when you see the mass public begin to pile in. That's what I call the shoeshine boy effect named after the shoeshine boy who started telling Wall Streeters that he was investing in the Stock Market in 1929. When you start hearing bitcoin mentioned on every street corner, your grocer, the people you work with, and especially people who had NO INTEREST WHATSOEVER no matter HOW MANY TIMES you told them to get in, yeah, those guys......we will start to liquidate.
I think we are a long way from that, but it will happen sooner or later. In the meantime, I think we may have a really strong wave up to about $10000. From there we will see some correction and shake out.
Keeping an eye on it. Good Luck.
What we were seeing prior was some resistance walls about every $100 in price, even every $50 in price, so 4000, 4050, 4100, maybe then 4150. What I am seeing NOW is that while those $100 short term resistance levels will still hold, they will become less important as we move forward, and certainly $50 incremental resistance will pretty much fall to the back burner. THAT means that short term incremental resistance will start to move more towards the $100-$250 range, so you'll see some push back $5700/5750 (Key as they are both $100 and $250 increments) and then 6000, 6250, 6500 and so forth. These are key levels to keep an eye on.
We will see some seasonal uptick in price taking us to the end of December. We will temper this with hard fork news etc. This should bring us to somewhere between 6000 and 7000 by year end, but I will split the middle and say that 6500 is a perfectly attainable high somewhere between now December 31st unless 6250 becomes a sticking point, but I don't think it will.
Historically, after the holiday high, we will see some pull back. Unless we get some good surprises along the way. I am always cautious going into the New Year, but that is pretty far out for my crystal ball to make a clean prediction right now. Accordingly, I am happy with what looks like a solid uptrend until 12/31....then we re-evaluate going into January and February.
2018 will probably see more and more Institutional buying, hedge funds, Goldman Sacs, an ETF perhaps. When you start to see all of this we are then in the second phase of growth, The third and final phase will be when you see the mass public begin to pile in. That's what I call the shoeshine boy effect named after the shoeshine boy who started telling Wall Streeters that he was investing in the Stock Market in 1929. When you start hearing bitcoin mentioned on every street corner, your grocer, the people you work with, and especially people who had NO INTEREST WHATSOEVER no matter HOW MANY TIMES you told them to get in, yeah, those guys......we will start to liquidate.
I think we are a long way from that, but it will happen sooner or later. In the meantime, I think we may have a really strong wave up to about $10000. From there we will see some correction and shake out.
Keeping an eye on it. Good Luck.
Nota
We did meet resistance at $5700, but I am seeing little evidence of exhaustion. $6250 is coming soon. Get It Done!!!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.