Bitcoin Analysis December 27, 2017

in #bitcoin8 years ago

IMG_20171227_080208.jpg

BTC/USD

IMG_20171227_080319.jpg

Bitcoin rallied a bit during the trading session on Tuesday, reaching towards the vital 16,000 level. If we can break above there, then I might be convinced that we are going to revisit the highs. However, this was done on extraordinarily light volume, and that does give me a bit of concern. Because of this, you should be very cautious about this market, as we could just as easily rollover. One thing that I cannot help but notice is that most of the strong volume is on red candles.

BTC/JPY

IMG_20171227_080604.jpg

Bitcoin rallied during the trading session against the Japanese yen as well, reaching towards the ¥1.8 million level. The ¥2 million level above is the next major barrier, and it remains to be seen if we can continue. We are in the overbought section of the stochastic oscillator, so I suspect that it will take more than one attempt to break above ¥2 million.

Sort:  

Nice post my frnd

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://thebitcoinnews.com/bitcoin-analysis-december-27-2017/

The @OriginalWorks bot has determined this post by @anandjadhao to be original material and upvoted it!

ezgif.com-resize.gif

To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!

This post has received a 3.13 % upvote from @drotto thanks to: @anandjadhao.

Congratulations @anandjadhao! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of posts published

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!