Strawberry Blonde's Market Summary: BITCOIN Fatigue

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Thursday, December 21, 2017

BITCOIN Fatigue

* See UPDATES below...

Presented without comment (prices as at 12:40 pm ET December 21)...

BITCOIN Daily chart

BITCOIN Futures CBOE Daily chart

BITCOIN Futures CME Daily chart

* UPDATE December 22 (Daily charts as at 11:55 am ET)...

...still fatigued as 10,000 nearly hit and 46% value lost from its all-time high in just six days...

* UPDATE December 24 @ 1:10 pm ET...

Bearish Head & Shoulders pattern forming on Bitcoin 60 minute chart...10,000 is downward-sloping neckline and major support...more weakness ahead or bear trap?

OR, maybe this is just 3 Xmas trees...😉

* UPDATE December 27 @ 11:50 pm ET...

We could see some fireworks if BITCOIN falls and holds below 13,582ish (apex of intersecting channel medians on 60 min. chart)...

* UPDATE December 29...

Not only is volatility present in BITCOIN trading activity, but also in real-life situations associated with this crypto (or, more appropriate moniker, "klepto") currency...