Bitcoin Trend / No. 503 / Reality Vs Fiction In Play Now!
Bucharest 8.30 A.M. / GM+2 / 22nd Feb, 2018 – Thurs.
Bitcoin has been trading within an uptrend, since February 6, when the Bottom Has Been Found at 5.947 k, and Inverse Head & Shoulders on 5H was formed on February 12, but the price of bitcoin was not able to hit the target expected of IHS at 12.6 k level, due a selling pressure that got started around 11.7 k on February 21, because a Bearish Divergence supported by Stochastic, to move the ball back in the bears court.
I believe a natural rollback will lead the price to hit 8.7- 9.2K, around the end of first week of March, followed by upward move to hit 14.5-15K around the first week of April.
Bitcoin price kept its declining yesterday trying to test the solid support 10150.00 and start to climb again, supported by EMA50.
The price now is around 10800.00 and the trend for today is bearish, But due to a bit of bullish divergence, the oscillator formed higher lows while price had lower lows. So a bounce might move bitcoin price to 38.2% fib extension around 11100.00 level before to continue its decline.
Expected trading for today:
is between 10000.00 support and 11500.00 resistance.
Expected trend for today :
Bearish.
Medium Term:
Bullish.
Long Term:
Bullish.
The low of 2018:
5947.00 / IHS Bottom.
The high of 2018:
25000.00 level / Expected.
It will reach 12 k end of this month
Hello @lordoftruth,
Do you think it will break the $10,000 support today? Or it bounce to 10,700 again?
Thank you very much!
Most likely will go to 10900.00 - 11100.00 before the decline to 9200.00
Looking forward to your Bitcoin Trend / No. 504!
Thank you for your quick reply :). I love your TA!
seem like it has hit a resistance line and could not break past it , but it will be tested again, hoping it goes above the $11500
Ya u r right this now Bitcoin is actual graph
But I hope start in March 13k to end on March 16k near about...
https://steemfollower.com/?r=13426
Thanks for share information about BTC. Great news. Keep it up. Wish you avery happy and bright future.
bitcoine to the Moon and Beyond.great news.
the crypto.news is the best treading center.it is very good for us.
Yes am very happy because this is the first Good news I got this year..
lovely bear vs bull image there
Crypto needs Patience And we don't have :D
It will cross 15k very soon. Keep my words ;)
wow ..
nice post..
thanks for sharing.
Posts Thank you for sharing information about BTC. Good news. Continue. Hope you happy and happy future.