The $17,200ish level has historical action and shows considerable resistance on the orderbooks. I would post a link to a site that shows orderbooks, but i'm playing it safe with the House Rules of Trading View. Anyway, 17K will show us what BTC is made of. If it bursts past that, it's on to 21K. But personally I believe that will give us at least one more bounce down for correction before the 2018.
After 17.2K, the next levels of Support are $15240, $14615, $13840, and $13000.
$15,240 shows significant price action. December 9th, 10th, 11th, & 21st daily candles closed there and it would represent the .5 fib from Christmas eve low to 17.2k.
Otherwise the fibs from Black Friday's dump to 17.2K are as follows:
~14615 .32fib
~13840 .5fib
~13000 .62fib
$13840 is a likely possibility. But 15.2 has the price action. It depends on if people get scared and how patient the Whales are.
Whatever happens, 21K is inevitable. HODL on.
BTCUSD
After 17.2K, the next levels of Support are $15240, $14615, $13840, and $13000.
$15,240 shows significant price action. December 9th, 10th, 11th, & 21st daily candles closed there and it would represent the .5 fib from Christmas eve low to 17.2k.
Otherwise the fibs from Black Friday's dump to 17.2K are as follows:
~14615 .32fib
~13840 .5fib
~13000 .62fib
$13840 is a likely possibility. But 15.2 has the price action. It depends on if people get scared and how patient the Whales are.
Whatever happens, 21K is inevitable. HODL on.
BTCUSD
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.