Lim's Blog

Bitcoin (BTC/USD) Daily Chart Analysis 12/4

Publish date: Thu, 06 Dec 2018, 02:57 PM

Technical Analysis and Outlook 
Bitcoin dropped back again below the critical $4200 level even though recovering higher it throughout the weekend. That being said, all the while the crypto-coin was on the short-term buy signal within our trend model, investors and traders must take into account ultra-short-term positions along with stringent risk management rules, as continuing strong Mean Resistance $4232 dominates the landscape. The ongoing major support is found at Key Support $3741; however, Coin Rally $4746 is still a very much possible outcome.


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