Bitcoin Trend / 29 - 01 - 2018
Expected trading for today is between 10700.00 support
and 12900.00 resistance
to open the door for more gain above 12000.00 level and a
solid support base was formed above the 10200.00 level.
Bitcoin price now is around 11500.00 / the fear zone/. The trend is bullish and most of the professional traders are expecting a strong rebound from the current price level.
Bitcoin price will appreciate in value over the next few weeks, as multiple hedge funds are currently looking at these futures contracts in a positive light.
Technical indicators signal that buyers have the upper hand and bitcoin price might move towards 12400.00 level.
4-hours MACD in the bullish zone.
4-hours RSI above the 50 level and is moving higher.
The price now is above the EMA50.Breaching 12400.00 level and hold above it, will push the price towards 12900.00 level.
Note; Breaking 10700.00 level and hold below it will cancel the bullish wave and will push the price to re-test the low of year at 9300.00 before any new attempt to raise.
Expected trading for today:
is between 10700.00 support and 12900.00 resistance.
Expected trend for today : Bullish.
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Thanks for staying us updated regarding bitcoin, it is really helpful for me in day trading, keep posting nice bitcoin updates friend, Stay awesome
nicefull post.thank's
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you..
Carry on
thanks for sharing...
let me ask you :)
how do you predict about bitcoin in 2019 whether it will be higher or will decrease?
That breakdown you gave seems logical enough.over all thats the great post.... nice blog... this is very informative blog .thanks to you for post.
so informative post
Good advice and very carefully framed. My one nitpick is that I think that $100k-$250k would not imply that fiat is becoming worthless or the prevailing economic regime has completely fallen apart. That's only a ~2 Trillion Market Cap still far less than gold and the rise of gold certainly hasn't made fiat worthless. I think you would be talking a price of well over $1M before you are really seeing any real loss of trust in fiat having an impact of the exchange rate. @lordoftruth
interesting article