Daily Forecast - 22 January 2018
Bitcoin.
Bitcoin tests what should be the best support for today at 11100/11000 but below 10700 is more negative targeting 10200/100 then 9800/9700 before the 9250/200 area. Below 9000 meets strong support at 8700/500. This is the big chance for bulls to turn the market around. If you have been waiting for a buying opportunity this is worth the risk but you don't want to hold if we sustain a break below 8000. Next target is 7250/150.
Holding the best support for today at 11100/11000 re-targets resistance at 11600/700. If we continue higher look for minor resistance at 12250 then a selling opportunity at 13150/250. Try shorts with stops above 13600. A break higher targets 13750/800, perhaps as far as resistance at 14050/150.
The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.
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