free forever qr code generator Daily Bitcoin Price Analysis - Formed A Nice Looking Hammer, Is It Enough?

We had one helluva roller coaster today for Bitcoin, I think we were down at least 16% at most but then we managed to get some buyers coming in and we closed the at about 2% down. Here is the daily chart:

See my work over at Steemit: https://steemit.com/@freeforever

Comment: The low of the day was 9222 (Bitstamp) and that was a little bit lower than the minor support level at 10000. We could continue to fall here and I am looking at 2 support levels and those are 8300 which is the weekly support trendline and then the worst case scenario, 7500 which is the 62% fibonacci retracement level.

However, we did touch the bollinger band median on the weekly chart today so perhaps that could be enough for this pullback. We will have to see.

If we are looking at the upside, Im going for 13600 as the first target and there isnt really that much of resistance until we reach that level so that could be a quick journey.

Happy trading!

free forever qr code generator Daily Bitcoin Price Analysis - Formed A Nice Looking Hammer, Is It Enough?
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Science & Technology	Upload TimePublished on 17 Jan 2018

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