Bitcoin Trend / Weekend Update

in bitcoin •  7 years ago  (edited)

bit.jpeg
 Expected trading for weekend is between 5575.00  support and 6200.00 resistance  


Bitcoin has recovered swiftly from 5200.00 level and traders took this as an opportunity to buy at much cheaper levels and as expected the strong bullish pushed the price to 6052.00 level / 76.4% FIB Extension.

So What Next!

  • Traders BGT at 5200.00 levels and ride the uptrend which could last way past the next network upgrade / Hard Fork.

  • Geopolitical risk is propping bitcoin price up as uncertainties in Europe and New Zealand and Catalonia.

  • Bitcoin now around 6052.00 / 76.4% FIB Extension.

  • Bitcoin try to test 6200.00 level supported by EMA50.

  • 5575.00 level represents key condition to continue the expected rise towards 6200.00 level.

  • Breaching 6200.00 barrier and hold above it, will push the price to the next target at 6335.00 / 100% Full FIB Extension.

  • Breaking 5575.00 and hold below it, will cancel the expected rise.

Expected trading
for weekend is between 5575.00 support and 6200.00 resistance.
Expected trend for weekend: Bullish.

Source


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7 years ago by

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    • [-]
      ·  7 years ago (edited)

    i love reading your article @lordoftruth. im a newbie in trading and your post realy help me alot.

    @cleverbot

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    10 votes
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      ·  7 years ago 

    I like to hang out with friends, listen to music and watch tv.

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      [-]
        ·  7 years ago 

      This comment has received a 1.56 % upvote from @drotto thanks to: @banjo.

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        [-]
          ·  7 years ago 

        Great post bro please vote me

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          1 vote
          [-]
            ·  7 years ago 

          @lordoftruth - I'm very happy now Sir.... As we thought BTC passed $6000... Nice analysis Sir... Therefore, I wish to ReSteem your post.

          +W+ [UpVoted & ReSteemed]

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            1 vote
            [-]
              ·  7 years ago 

            wow grate post ....i like this..
            i have some post .....you can check
            here https://steemit.com/crypto/@letsmakes/newsflash-bitcoin-cost-goes-crazy-tears-past-usd6-000

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              1 vote
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                ·  7 years ago 

              Great update for BTC analyses .
              thanks for sharing
              100% like and resteem

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                [-]
                  ·  7 years ago 

                BTC is going at a high value of 6000.2 and critics are saying that it will hit 10k.

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                  [-]
                    ·  7 years ago 

                  great information
                  thank you for sharing

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                    [-]
                      ·  7 years ago 

                    We are going to be rich :D

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                      [-]
                        ·  7 years ago 

                      @cryptohustlin has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

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                        [-]
                          ·  7 years ago 

                        Good news..

                        For your post propagation.
                        Upvote/Resteem

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                          [-]
                            ·  7 years ago 

                          wow grate post ....i like this..
                          i have some post .....you can check
                          here https://steemit.com/crypto/@letsmakes/newsflash-bitcoin-cost-goes-crazy-tears-past-usd6-000

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                              ·  7 years ago 

                            This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

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                              [-]
                                ·  7 years ago 

                              fast recovery and unexpected

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                                [-]
                                  ·  7 years ago 

                                Thanks for sharing.
                                Upvote Resttem

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                                  [-]
                                    ·  7 years ago 

                                  Would love to see your fib chart.

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                                    [-]
                                      ·  7 years ago 

                                    Great post

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                                      [-]
                                        ·  7 years ago 

                                      @lordoftruth,
                                      Now I could remember what you said few days back! This is not a bubble and I said this is a bubble! So, I was wrong! Here is the the proof! Great analysis friend!

                                      Cheers~

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                                        [-]
                                          ·  7 years ago 

                                        Thanks for your update of btc news.

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                                          [-]
                                            ·  7 years ago 

                                          Nice update

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                                            [-]
                                              ·  7 years ago 


                                            as predicted btc surpassed 6000 usd level. impressive analysis @lordoftruth

                                            @resteemia

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                                              [-]
                                                ·  7 years ago 

                                              I'm a new intake in world of Crypto currency, and will like to know some things that are needed of me. There are lot of movement in the market

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                                                [-]
                                                  ·  7 years ago 

                                                Thanx for the guide. Bitcoin is a giant now.

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                                                  [-]
                                                    ·  7 years ago 

                                                  It does feels great to know the uptrend of BTC and get on the ride :)

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                                                    [-]
                                                      ·  7 years ago 

                                                    excellent analysis thanks for sharing the update

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