• Jono Solo

Bitcoin Price Analysis Today January 07 2017

In trading, round number have a certain psychological impact. Yesterday, the bitcoin price broke above the $4000 level and right now it is still managing to remain above it.

Bitcoin price reached $4085 before declining a bit. The next short term resistance is $4100 then the next challenges will be at $4250 and $4500.

I currently have 1 live position at $4000 and 3 bitcoin buy orders at $4130, $4270 and $4530.

The low line of the Donchian channel is still at $37332 but it is about to move up pretty soon. Therefore allowing me to raise my stop loss too.

Most major cryptocurrencies have made a clear move to the upside except for Ripple XRP which is still trading within $0.34-$0.38 range. A Ripple price breakout is imminent.

This is my bitcoin price analysis for today and it is not financial advise.

To learn more about bitcoin and cryptocurrency trading, join our trading club here.

Have a great week,


#bitcoinpriceanalysistoday #bitcoinprice #ripplexrp #rippleprice #cryptocurrency

Risk Disclaimer:
Bitcoin UK CFD trading, ethereum and ripple XRP trading, foreign Currencies, futures and options trading have large potential rewards, but also large potential risk.
The fluctuation of the buy bitcoin UK price is very high. You must be aware of the risks and be willing to accept them in order to invest in the futures and forex markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. All bitcoin for beginners trading analysis, trading videos, bitcoin copy trading strategies, bitcoin trading signals and bitcoin Investment articles are for educational purposes only and should not be construed as investment advice. Bitcoin trading students and investors must keep in mind that past performance of any trading system or methodology is not necessarily indicative of future results.


© 2015-2019 jonosolo.com - Hello Awin