Hey traders. Thank you for comments and boosts.
Today's chart is Bitcoin. Let's check it quickly.
We can see
1. the price had broken descending channel.
2. support on 17000.00
3. resistance on 18300.00
We should check
Wednesday - Crude Oil Inventories
Thursday - Core CPI (MoM) (Dec), CPI (YoY) (Dec), CPI (MoM) (Dec), Initial Jobless Claims
Friday - UK GDP (YoY), UK Manufacturing Production (MoM) (Nov)
We can expect
1. upward movement to 18300.00
2. downward movement from the reistance on 18300.00
As we can see, the descending channel had been broken and upward movement is going strong.
(Also, by breaking 17000.00, the price showed its power.)
It is favorable to have long position from 17000 or 17300 to 18300.
Let's see if the price reaches our target.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
Today's chart is Bitcoin. Let's check it quickly.
We can see
1. the price had broken descending channel.
2. support on 17000.00
3. resistance on 18300.00
We should check
Wednesday - Crude Oil Inventories
Thursday - Core CPI (MoM) (Dec), CPI (YoY) (Dec), CPI (MoM) (Dec), Initial Jobless Claims
Friday - UK GDP (YoY), UK Manufacturing Production (MoM) (Nov)
We can expect
1. upward movement to 18300.00
2. downward movement from the reistance on 18300.00
As we can see, the descending channel had been broken and upward movement is going strong.
(Also, by breaking 17000.00, the price showed its power.)
It is favorable to have long position from 17000 or 17300 to 18300.
Let's see if the price reaches our target.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
There will be short drop because of giant jump but it is risky to have short position now.
It will be favorable to have long position on 18400.