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RE: [ Bitcoin ] The Trend is Your Friend!

in #bitcoin7 years ago

The pullback way pretty much anticipated and shouldn't come as a surprise for the people who follow a little bit of TA. Now the question is how many tries we'll need to break th resistance level around 12k. We saw a lot of volume coming in yesterday around this point, but it asn't enough to prevent us from going down again. It might take a while longer to break this (as I see it) very important resistance level. If we can close the daily above 12k, I'm pretty sure we'll rush towards the 14-15k levels very quickly again. I'm just not so sure we'll break the 12k level that easily. We first might have to go down to 10k or even 8.5k before we see that happen.