thecryptoad

BTC by Jan 1 - Updated

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BITFINEX:BTCUSD   Bitcoin
Cheated and fiddled with some charts a bit. Seeing a possible top at 11.7k, but also broken resistance at 12.2 if momentum keeps up. This could be a good setup for a long position after the confirmed breakout on 1D. But a risky short to take between 11.7 and 12.2. On the possible correction back to 10.2 it would be a risky bet to go long and a dive past 9.2 should be a good enough signal to take a short position and watch for a possible drop to 6.6k to close.

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