Bitcoin Trend / No. 506 / The Next Trading Signal

Time: 6.30 P.M. / GM+2 / 24th Feb, 2018 – Sat.

- Reminder of 2018 Calls -

• Buy call at 6.1 close to the bottom at 5.947K / We BGT at 6.1K.
• Sell Call at 11.65K / We SLD at 11.65 K.
  Feel free to / Check The Post 501 /

- The Next Trading Signal -

• The third call for 2018 is buy call / Yes, will buy at 8.7-9.2K !

This is the way, That I trade, Do your own due diligence. No one knows tomorrow's price or circumstance. I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader. I do not accept responsibility for being incorrect in my speculations on market trend.

So What Next !

• Bitcoin is currently trading around 9.7K at time of writing and as expected, the support 10.7K, 10K was broken and the support 9.6K will be broken soon.

• The trend for the rest of day is slighty bearish, and the selling pressure try to lead the price to break the support at 9.6K.

• Based on the head and shoulders pattern on 4-hour chart ( The small chart on the cycle), I believe bitcoin price will hit 9.2K. We have to keep un eye to see what will happen around this level, as might the decline extend to 8.7K ( Strong Support ).

• The right shoulder of IHS is in progress. Be ready as the big buyers will get on the market around 8.7- 9.2K. Today we are slighty bearish but I believe soon will be on the bull court after the appearance of the right shoulder of IHS.

Expected trading for the rest of day:
is between 8700.00 support and 10700.00 resistance.

Expected trend for the rest of day :
Slighty Bearish.

Medium Term:
Bullish.

Long Term:
Bullish.

The low of 2018:
5947.00 / IHS Bottom.

The high of 2018:
25000.00 level / Expected.

Thanks For Reading..

YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.

What You Know About --> Fibonacci Retracement in Trending Market.