Bitcoin Trend / Weekend Update

lordoftruth (71)in #bitcoin • 7 years ago (edited)

Expected trading for weekend is between 5575.00 support and 6200.00 resistance

Bitcoin has recovered swiftly from 5200.00 level and traders took this as an opportunity to buy at much cheaper levels and as expected the strong bullish pushed the price to 6052.00 level / 76.4% FIB Extension.

So What Next!

Traders BGT at 5200.00 levels and ride the uptrend which could last way past the next network upgrade / Hard Fork.
Geopolitical risk is propping bitcoin price up as uncertainties in Europe and New Zealand and Catalonia.
Bitcoin now around 6052.00 / 76.4% FIB Extension.
Bitcoin try to test 6200.00 level supported by EMA50.
5575.00 level represents key condition to continue the expected rise towards 6200.00 level.
Breaching 6200.00 barrier and hold above it, will push the price to the next target at 6335.00 / 100% Full FIB Extension.
Breaking 5575.00 and hold below it, will cancel the expected rise.

Expected trading
for weekend is between 5575.00 support and 6200.00 resistance.
Expected trend for weekend: Bullish.

Source

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7 years ago in #bitcoin by lordoftruth (71)

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ruah (67) 7 years ago (edited)

i love reading your article @lordoftruth. im a newbie in trading and your post realy help me alot.

cleverbot (54) 7 years ago

I like to hang out with friends, listen to music and watch tv.

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drotto (48) 7 years ago

This comment has received a 1.56 % upvote from @drotto thanks to: @banjo.

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ravindraojha (56) 7 years ago

Great post bro please vote me

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1 vote

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steemwija (58) 7 years ago

@lordoftruth - I'm very happy now Sir.... As we thought BTC passed $6000... Nice analysis Sir... Therefore, I wish to ReSteem your post.

+W+ [UpVoted & ReSteemed]

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1 vote

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letsmakes (46) 7 years ago

wow grate post ....i like this..
i have some post .....you can check
here https://steemit.com/crypto/@letsmakes/newsflash-bitcoin-cost-goes-crazy-tears-past-usd6-000

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1 vote

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stmit (55) 7 years ago

Great update for BTC analyses .
thanks for sharing
100% like and resteem

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taimoorahmad (58) 7 years ago

BTC is going at a high value of 6000.2 and critics are saying that it will hit 10k.

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yasirgawad (54) 7 years ago

great information
thank you for sharing

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taimoorahmad (58) 7 years ago

We are going to be rich :D

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minnowpond (62) 7 years ago

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voteman (53) 7 years ago

Good news..

For your post propagation.
Upvote/Resteem

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Bitcoin Trend / Weekend Update

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