? Why did BITCOIN just bounce off of 12k ? ==> 02/20/2018
This video is about what is happening with Bitcoin:
First I show that in the 3 month chart 12k is a major support/resistance area.
Second, the 50 and 100 MA is normally acting as support on the 1 day time frame, but Bitcoin price is currently below these indicators price just bounced off both the 50 and 100.
Third, we have a descending channel where the trend line is drawn and the 12k price is a resistance on this line.
Check out the video for more details. Enjoy. Mike
First I show that in the 3 month chart 12k is a major support/resistance area.
Second, the 50 and 100 MA is normally acting as support on the 1 day time frame, but Bitcoin price is currently below these indicators price just bounced off both the 50 and 100.
Third, we have a descending channel where the trend line is drawn and the 12k price is a resistance on this line.
Check out the video for more details. Enjoy. Mike