Sunday, December 23, 2018

Bitcoin 21 December 2018

A core principle of #SimpleTrading is Resistance eclipsed becomes Support and Support broken becomes Resistance.

Bitcoin is adhering to this rule.

As expected, price bounced off support.

The question now is how far will the bounce extend?  Beyond the red horizontal line above the current price (which is now resistance)?


Or will price roll over again and finally break down through support?

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