Bitcoin Trend / 10 - 02 - 2018 / The Swing
Bitcoin investors are holders and sellers;
Holders which believe, bitcoin has bright prospects and buying
at low prices.Sellers which sell during price spikes.
The reason why bitcoin market’s often move with unjustified volatility.
No one, not you or me, can for sure know where the price will move exactly. You can try using technical analysis, fib. etc.. But that can only go so far. The rest of the equation, is all about human psychology.
Most of analysts, are bearish and wait the wave 5 !! I am bullish from 6k, the low of 2018, and as you see after many attempts to breach the resistance loctated at 8.6k, the price now above 8.6k resistance and keeps stability above it, to confirm the continuation of the bull run to the swing high towards 9300.00 level.
Expected trading for today is between 7600.00 support and 9300.00 resistance
Bitcoin price now is around 8800.00 level and keeps stability above 8600.00 resistance. The trend for today is bullish, supported by a H&S bottom at 6k / 76.40% Fib, which already have held as a floor.
Note, bitcoin price has been tracking equities and commodities, unlike the past when the tends, benefit from safe-haven flows.
Stay Away. Swingy Day. Swing range is between 7900.00 and 9200.00 levels.
Breaching 9300.00 level and hold above it, will push the price towards 10700.00 level.
Breaking 7600.00 level and hold below it, will push the price towards 6800.00 level.
Expected trading for today:
is between 7600.00 support and 9300.00 resistance.
Expected trend for today :
Bullish.
Medium Term:
Bullish.
Long Term:
Bullish.
The low of 2018:
5947.00 / Strong Support.
The high of 2018:
25000.00 level.
While stocks and commodities were continuing their significant drop yesterday (I know there was a bounce in the late evening), the crypto market could show relative strengh. The phenomenon of correlation was no more to be seen. Thats a very good sign!
Great comment as always ..
Thanks for support..
Have a great weekend..
Guys Look at this.You will know reality
Sir @lordoftruth you are much better than crap haejin
Haejin now its confirm that you copying analyst @salahuddin2004 .He using these candles patterns in his TA from long time and now you trying to copy him.First Haejin only use Elliot waves but now you copying every single TA method from @salahuddin2004 .I am happy for Haejin that you learn something from him.Because Haejin you are crap.Haejin you only know drawing lines & all yours TA failed.Everyone now look difference and you understand
https://steemit.com/bitcoin/@salahuddin2004/bitcoin-update-08-02-2017
https://steemit.com/steem/@salahuddin2004/update-1-for-steem-target-usd10-70-prediction-3
https://steemit.com/xrb/@salahuddin2004/nano-xrb-prediction-58
it is totally depends on the luck of inverters and also on inverter's experience any way best of luck for every one.
I don't think luck has anything to do with this. As you know, this is an analysis. Meaning, the analyst derived his judgement from combination of factors such as, but not limited to, history, experience, trends, volume, and current market state.
Bitcoin price going up slowly but its still a time to hold it
Best of Luck
Thanks for sharing information keep it up
This is going to be tough to be able to predict the outcome of the market. But one thing am kinda of sure is that they wont put a ban on cryptocurrency. There's going to be lots of attempts at centralized regulations but the specific regulatory guidelines is what I can't say...
So lets hope for the best while hodling on.
good post, I like your post ..
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I am not a bitcoin traders but I support to hold. Good to see that bitcoin price increasing slowly.
Thanks for this analysis, I believe Bitcoin is making a head way to gain a new high soon
Great post i just upvoted it! i dont know what to think about bitcoin i hope it will be worth more then 320.000USD soon but we will see right?
Cryptos begun to new uptrend and we will see new peak in 2018
If we can get pass 9500, we will head to 12000.
Check out my original call earlier this week.
https://steemit.com/altcoin/@rollandthomas/wall-street-secrets-revealed-1-the-hedge-funds-are-coming-to-crypto