Bitcoin Futures: BTC1! Powerful Overhead Resistance from 9000
BITCOIN FUTURES BTC1! Back to the Futures
Yesterday's comment referred to the 50% rally from 6000 to
9000 and just a little higher - Major Gann and Tesla numbers.
Weekend comments also referred to Bitcoin Futures prices
and the key reistance range stretching from 8971 up to 9224
and the problems Bitcoin will likely face on encountering this
range...overnight Bitcoin reached 8999 on Bitfinex,
effectively double topping at 9K before falling away once
more. The 50% rally presented an excellent opportunity to
gather some bull points but the downtrend here is clear to
see, still unbroken as yet. Bitcoin is not out of the woods
unless and until 9225 is taken and held by the bulls once more.
Yesterday's comment referred to the 50% rally from 6000 to
9000 and just a little higher - Major Gann and Tesla numbers.
Weekend comments also referred to Bitcoin Futures prices
and the key reistance range stretching from 8971 up to 9224
and the problems Bitcoin will likely face on encountering this
range...overnight Bitcoin reached 8999 on Bitfinex,
effectively double topping at 9K before falling away once
more. The 50% rally presented an excellent opportunity to
gather some bull points but the downtrend here is clear to
see, still unbroken as yet. Bitcoin is not out of the woods
unless and until 9225 is taken and held by the bulls once more.
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