empty
 
 
14.12.2017 11:29 PM
Bitcoin analysis for December 14, 2017

This image is no longer relevant

Bitcoin (BTC) has been trading sideways at the price of $16,450. Following her next-to-last Federal Open Market Committee (FOMC) meeting, outgoing Federal Reserve (Fed) Chairwoman Janet Yellen gave a final scheduled press conference 13 December 2017 in Washington, DC. In a growing sign of its influence, once again bitcoin was introduced as a topic for consideration at the highest levels of finance. No fewer than three times did cryptocurrencies make their way into the discussion: regulatory policy, prospects of a Fed Coin, and bitcoin's threat to financial stability. Technical picture looks neutral.

Trading recommendations:

According to the 1H time – frame, I found a head and shoulders formation in the background, whic isa sign that buying looks risky. I also found a rounding top in the background, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $15,605 and at the price of $14,300.

Support/Resistance

$17.110 – Resistance 1

$17.520 – Resistance 2

$15.605 – First downward target

$14.300 – Second downward target

With InstaForex you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Abril, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback