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ChasingTheMarket
5 Jan 2018 pukul 13.25

BTCUSD, up to 19K ? 

Bitcoin / U.S. dollarBitstamp

Huraian

Lots to work with on BTC right now on the 4hr.

Measured move on the Head and Shoulders sets a target for close to 19k. Two strong resistance barriers right above current market value... need to beak past that to be able to focus on a higher target. On the other hand, price action is strong within an upwards channel and the High RSI levels and lagging Moving Average can set up a retrace to the bottom of the channel.

On the other hand, if Market can't slide past 16300 level we might be looking at a double top, although we believe it'll break the resistance levels slowly to allow for RSI to cool off and Mov Avg to catch up.
Lebih