BTC 12.12.2019 - End of the upward correction ABC, watch for selling opportunities

Bitcoin has been trading upside in last few hours at the price of $7.167. Anyway, I see that there is potential for end of the intraday upward correction and possible more downside towards the levels at $7.094 and $7.048.

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Stochastic oscillator is showing overbought condition based on the 30M time-frame and fresh new bear cross, which is sign that sellers are present and that buying is risky.

Resistance levels are seen at the price of $7.202 and $7.286

Support levels are set at the price of $7.094 and $7.048




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Performed by Petar Jacimovic
Analytical expert
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