Post
Topic
Board Speculation
Re: Bitcoin looks above $10K, may resistance await ?
by
danielhodous
on 15/02/2018, 18:20:53 UTC
The next strong resistance will be around 11.5k and then 13k. I didn't think that 10k would fall quite as quickly as it did, the resistance at 9k was tough to break down but 9.5k and 10k were strong resistance points that fell quite easily. We definitely can be entering in to a strong bull run

You literally took the words from my mouth I spoke aloud to a couple people in our room here... after factoring in the Fibonacci and several other things we look at the breakthrough at 10k was strong and it will run over the weekend to 12250.  I think all the resistance from the CBOE is going to put major pressure to keep it under 12.5

If it were to break through that incredible wall of shorts, they would have to cover they asses with major call's on the 15 level.  But the resistance is "great wall of china" strong.  Be wary in the 12.25-12.5 level of a sell off sending it down to 10-11k.


The bull run will happen but it will be more tentative.