Technical Analysis and Outlook:
Bitcoin has repeated bounce from our Key Sup $15,850 on Nov 14. The coin is currently positioned itself to hit the Key Sup $15,850 and completed the Outer Coin Dip marked at $15,500, launching sharp upside movement to Mean Res $17,600 and Outer Coin Rally $19,100. The down-trend projects for the next Outer Coin Dip of $12,400 in the foreseeable future is being shelved for now.
Bitcoin has repeated bounce from our Key Sup $15,850 on Nov 14. The coin is currently positioned itself to hit the Key Sup $15,850 and completed the Outer Coin Dip marked at $15,500, launching sharp upside movement to Mean Res $17,600 and Outer Coin Rally $19,100. The down-trend projects for the next Outer Coin Dip of $12,400 in the foreseeable future is being shelved for now.
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