Bitcoin Trend Series / EP. 626 / Critical Bearish Trigger

Time: 7.57 A.M. / GM+2 / 17th June 2018 – Sun.

• In our previous post / 625 / we had forecast the trading range will be between 6.039K & 6.800K. The intraday low was 6.330K and the high was 6.559K.

• Bitcoin price After A Bearish Trigger still stuck in the bearish channel Bordered By 6.300K - 6.700K. Right now, the Price is Stable and settles around 6.519K and still no positive sign that can break the up border 6.700K as there is no buy volume and Long-term investors should not be in a hurry to add 6.519K or 6.039K levels.

• Bitcoin price is most likely will continue to move inside the channel, trying to break the down border at 6.300K, while breaking 6.300K again will push the price to 5.947K, the Critical Bearish Trigger and a breakdown below this level, will push bitcoin price to Fall Off The Cliff towards our next targets at 5.878K followed by 4.267K Butterfly "Buy"
  ( The potential bullish reversal location).

• At press time, bitcoin price is around 6.500K and our Bearish Overview remain valid, conditioned by the price stability Below 6.800K.

Sentiment

Based on the above
We suggest / Bearish Trend / for today.

Support 1: 6039.000 level.
Resistance1 : 6800.00 level.

Support 2: 5878.000 level.
Resistance2 : 7050.000 level.

Expected trading for today:
is between 6039.00 and 6800.00.

Expected trend for today :
Bearish.

Medium Term:
Neutral.

Long Term:
Bullish.

The low of 2018:
5947.00 !!! / 4267.00 Expected.

The high of 2018 (BitcoinTrader's Year):
14469.00 / Expected.

The low of 2019: ???

The high of 2019 (Bitcoin Holder's Year):
36000.00 level / Expected.

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

Writing a series means playing a long game,
investing considerable time and effort up front in
hopes of considerable returns down the road.
I'm so proud of my little blog, and so grateful to all of you
for support to keep it going.

If You are New in Trading  --> Read Trading Education Center / Volume I.    

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

If You Like To Read About Syrian War --> Click Here!