Bitcoin(BTC/USD) Update 13/01/2018: Bounced Backed From Major Support Level........
bitcoin·@jimmyrai28·
0.000 HBDBitcoin(BTC/USD) Update 13/01/2018: Bounced Backed From Major Support Level........
<html> <p><br></p> <p>Bitcoin has held up a important infliction point as discussed in yesterday's blog i.e. https://steemit.com/bitcoin/@jimmyrai28/bitcoin-btc-usd-update-12-01-2018-right-moves-to-put-itself-in-downtrend. In that blog I discussed how important it is for Bitcoin to held $12847 level in respect to defend a uptrend and Bitcoin not only held that support but also close above next resistance level of $13766.( see chart below)</p> <p>https://steemitimages.com/DQmSYiDj64ofPp8jHV5WwoZRaVFsXaSZFhhmKFxDkUDxREK/image.png</p> <p>In today's session also Bitcoin is building up yesterday's gain by maintaining a upward bias and trading +3.4 % at 14299.99 level. </p> <h3>Next hurdle</h3> <p>In today's session one can clearly see on chart above that 10 day EMA(blue wavy line) has resisted the up moving price and Bitcoin price retraced after testing it. That moving average which is currently sitting at $14569 level is important to clear in respect of gaining short term momentum on upside.</p> <h3>Participation</h3> <p>Volumes indicates participation of traders and investor. Like yesterday's session volumes are below average which is questioning the little upward momentum which Bitcoin is showing on daily chart. For sustainable rise, volume level should be closely watched as surge in volume will create definite trend on upside or downside.</p> <p>With that said, I am winding up this short update. See You all with another update soon, May god bless you all!!</p> <p>____________________________________________________________________________</p> <p><em>If you like my analysis then do not forget to</em> <em><strong>upvote, follow, comment</strong></em><a href="https://steemit.com/@jimmyrai28"><em>@jimmyrai28</em></a><br> <em>if not then criticize, this also will be highly appreciated.</em></p> <p><em>You can also drop a comment in 'reply' if want you want me analyze any script of your choice.</em></p> <p>Now you can also find me on discord channel: <a href="https://discord.gg/VvHmhvH">https://discord.gg/VvHmhvH</a> </p> <blockquote> One can also resteem and get free upvote their post by just replacing <strong>http:\\</strong> with <strong>re</strong> in their post link. </blockquote> </html>
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