Moshin_GW

How far will BTC/USD go down?

Short
BITSTAMP:BTCUSD   Bitcoin
BTC cannot stop falling after breaking below the cross-shareholding, and reaches near the lower limit of the rising parallel channel.

Notable prices here are $ 17,600 and $ 17,200.
Especially for $ 17,200, the level that stopped falling in the latter half of November + the parallel channel lower limit line crosses.
It is a point, and there is a possibility that a certain amount of buyback will be made.

However, even if it rebounds, it seems that $ 18,500 is the limit so far.
At that level, it is easy to be targeted by shorts, and it is a point to be aware of roll reversal. The upside is expected to be heavy.

Volume hasn't risen, but watch out for big weekend drops!

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