Bitcoin Trend / Bitcoin Price Extend Its Recovery For Further Gains
The thing that I do not understand, why most of bitcoin players gets in at the top and gets out at the bottom. Everyone of us must understand that the market is lead by cycles, and the market cycles occur due to main emotions:
- The greed for profits.
- The fear of losses.
When we will understand this, we will get out at the top and will get in at the bottom. As you see the reversal was occurred and the low was created at 6k, where I make my buy call, and as long as the 2 daily support trendlines
( check the below chart ) hold, the price of bitcoin will pick up toward 12600.00 level. But to can see this level, the price must breach the 10700.00 level.
Expected trading for today is between 8600.00 support and 11500.00 resistance
< The next target is 12600.00 level >
Bitcoin price now is around 9900.00. The trend for today is bullish, conditioned by stability above 8600.00, affected by a H&S bottom at 6k / 76.40% Fib, technical indicators and inverse head & shoulders on 5H.
Breaching 10700.00 level and hold above it, will push the price toward to 11500.00 level, and might take to the price to 12600.00 level.
The short-term technical outlook will improve further, should bitcoin overcome the 10700.00 level with the next targets at 11500.00 and 12600.00 !! My answer is yes, as the volatility has significantly decreased in the last week and the stabilization started to attract new buyers to send bitcoin price higher.
Expected trading for today:
is between 8600.00 support and 11500.00 resistance.
Expected trend for today :
Bullish.
Medium Term:
Bullish.
Long Term:
Bullish.
The low of 2018:
5947.00 / H&S bottom.
The high of 2018:
25000.00 level.
From all the reports I follow I find yours being the most accurate. Great call at 6K. Action speaks louder than words, the fact that you said your putting your money back in Bitcoin at that level made me feel confident that you where pretty sure about your prediction, so I also bought some around that time.
Thanks for making such awesome reports !
Right. Since I learned about him, I studied his past TAs. I was amazed about his accuracy. I haven't seen anyone with better TA accuracy than he does. He definitely lives up to his name :)
I agree a hundred percent! It makes me very confident in the predictions.
Every time good to know!
Very good analysis my dear @lordoftruth lets hope all goes well with the market
Excellent analysis friend and thanks for telling us support and resistance levels for today trading, Stay blessed
happy to see this happening
$12,000 for bitcoin by March 2018?
crypto's are future, thanks.
nice post with beautiful content.
thanks for share such a nice post with us.
carry on your activity
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The fear of loss definitely makes a person go out of the market. Some people are just there because of the hype and do not actually understand the market.