Bitcoin to restore up to 1050

Jan 19, 2017

Bitcoin performance this January is just impressive with up to 25% daily volatility. In the following weeks I'm expecting BTCUSD to rise back to 1050 dynamic resistance, this outlook would remain relevant until bitcoin hold above 800 level.


Intraday Bitcoin is trading in the ascending channel.
First support at 870.
Short-term resistanse levels at 920 and 950.

Jan 23, 2017

Note

First target 920 hit.
There's a potential to adding to a long position at 870 test.

Feb 2, 2017

Trade active

Bitcoin has reached the 1.000 mark. There's an opportunity of the impulse quick jump to the updated target 1.060 once we see BTCUSD rising above the psychological level.

Feb 7, 2017

Trade closed: target reached

Bitcoin has tested 1.050 mark. Nice +40% move in just under 3 weeks period.

Feb 7, 2017

Note