Bitcoin

Screen Shot 2017-04-18 at 6.48.50 pm

Bitcoin has recently gained +30% from its March lows, & at current prices about +60% from 2017 YTD lows. Key support is US$1136-1146, & a good long trade would be to wait for it to clear its 2017 falling the resistance line with strength first. Initial target is $1292 followed by $1488. A break below $1146 may be a concern for bulls.

Advertisements