Bitcoin tests what should be the best support for today at 11100/11000

Jason Sen DayTradeIdeas.co.uk

Daily Forecast - 22 January 2018

Bitcoin.

Bitcoin tests what should be the best support for today at 11100/11000 but below 10700 is more negative targeting 10200/100 then 9800/9700 before the 9250/200 area. Below 9000 meets strong support at 8700/500. This is the big chance for bulls to turn the market around. If you have been waiting for a buying opportunity this is worth the risk but you don't want to hold if we sustain a break below 8000. Next target is 7250/150.

Holding the best support for today at 11100/11000 re-targets resistance at 11600/700. If we continue higher look for minor resistance at 12250 then a selling opportunity at 13150/250. Try shorts with stops above 13600. A break higher targets 13750/800, perhaps as far as resistance at 14050/150.

Author

Jason Sen

DayTradeIdeas.co.uk

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