Volatality is nowhere close to November levels in Bitcoin and in other Crypto currencies. I just got the feeling there is bit more than a week to go for holidays in most parts of the world & I expect IT's are watching the levels crucially and I expect any downside thrust would found strong bullish momentum .
Reason being quite simple. We don't have follow through after spikes and moves down and found support but now moves have been stalled because expectations and I would be sitting on sidelines and watching PA to unfold ahead of Friday reports as we will have volitality this week with OPEC & U.S Jobs report this Friday. With Brexit & FOMC next week.
I would set my buying limit at 7320 & put stops just below the downtrend line (In case we have a breakout) & look to target 8300 level. We have strong price action and low follow through, so watch any low volatility breakout & avoid false breakouts.
Cryptocurrency & Blockchain
A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.