Bitcoin Trend / 29-11-2017

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

Expected trading for today is between 10000.00 support and 10700.00 resistance

As expected bitcoin price succeed to achieve 10480.00 level
/ 100% Fib extension / and kept rising to surpass it towards 10740.00!
Bitcoin price seems unstoppable in its climb due
higher trading volumes and investor interest.

So What Next!

The price now around 10400.00 and the bullish strength is
enough to push the price up again toward 10.700.00 level.
CME bitcoin futures can be launched before the end of the
year and this pushed the price to move up.
EMA50 support the bullish wave.
100 SMA is above 200 SMA so the climb is more likely to
continue than to reverse.
Stochastic indicate that buyers are eager to push bitcoin price up.
RSI moving higher so bitcoin price might follow suit.
Holding above 10000.00 represents key condition to continue
the expected rise towards 10700.00.
Breaking 10000.00 and hold below it, will stop the bullish wave
and will push the price to start the bearish correction.
If take-profit orders was located around 10740.00,
bitcoin price might be retreat to near 10000.00 level.

Expected trading for today:
is between 10000.00 support and 10700.00 resistance.

Expected trend for today:
Bullish.

Source

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7 years ago in #bitcoin by lordoftruth (71)

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d3nv3r (61) 7 years ago

Blem trends are blem, spend that blem bitcoin money to get the family a blem Christmas.

$1.27

8 votes

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freiheit50 (70) 7 years ago (edited)

It's unbelieveable! We already saw the retracement to 10000 you mentioned. The speed of the rallye is breathtaking even for a perma bull like me. Where will all this come to an end, if the men with the deep pockets want to enter this market all at the same time??

$1.18

2 votes

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lordoftruth (71) 7 years ago (edited)

Now the price again around 10740.00 level if the price hold above this level will see 11000.00 soon.
If take-profit orders was located around 10740.00,bitcoin price might be retreat to near 10000.00 level.

Thanks for support

$0.27

1 vote

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freiheit50 (70) 7 years ago

I just saw this. The market is so fast at the moment. It's good to know someone who has always an eye on the moving. I hope you are still invested with a lot of precious coins. Thank you as well.

$0.30

1 vote

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lordoftruth (71) 7 years ago

You are welcome

Note, Tensions in North Korea bring geopolitical risk to the table and this may start to push traders to move away from traditional assets like stocks and commodities to crypto.

$0.26

1 vote

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bahagia-arbi (67) 7 years ago

Now the price of Bitcoin is $10,876.629. I think tomorrow the price of BTC is going to be $11,020 and at the end of this year BTC's price is on the peak; $12,500!

Last week the price of BTC was about $6
7,000 and I told my friend to invest 2 BTC because the btc will be more than $8,000.

I love reading your post on Cryptocurrency. Thanks

$0.30

1 vote

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josediccus (75) 7 years ago

Ah valuable information buddy, see, i understand the trends of bitcoin thanks to you

$0.06

1 vote

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adnanrabbani (70) 7 years ago

Excellent technical analysis, i agree with your points 10k is the first major support now if btc breaks 10k support then we might see it falls down to 9500 price so for today we just need to keep an eye on 10k, thanks for sharing very nice analysis with us, it's helpful.

$0.06

1 vote

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