Bitcoin Trend / 05 - 01 - 2018

in bitcoin •  7 years ago 

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 Expected trading for today is between 14200.00  support and 16400.00 resistance  


Bitcoin Price has recovered partially after the aggressive correction
and needs to surpass the resistance at 15400.00 to can move higher.


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A Picture is Better Than One Thousand Words

So What Next!

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  • Bitcoin price now is around 14950.00 and technical indicators suggest that some gains are in the cards.

  • As long as the price stays above the 12400.00 at the start of the fear zone, the trend is bullish.

  • 100 SMA is still above 200 SMA so the climb is more likely to continue than to reverse.

  • Increased regulation from South Korea, is still keeping a lid on activity.

  • Moving averages reflect more bulls to the mix and sustain the upside break.

  • RSI indicate the price will climb to 50% FIB at 15500.00 level.

  • Stochastic reflect a slowdown in bullish momentum.

  • Breaching the resistance at 15400.00 and hold above it will push the price up towards 16400.00 level.

  • Note, Breaking 14200.00 level and hold below it, will put the price under negative pressure towards the start of fear zone at 12400.00 level.

Expected trading for today:
is between 14200.00 support and 16400.00 resistance.

Expected trend for today:
Bullish.

Source

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

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    • [-]
      ·  7 years ago 

    Thanks sir btc information good bro

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    2 votes
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      ·  7 years ago 

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      [-]
        ·  7 years ago 

      with my limited knowledge of trading, you are suggesting, now is the good time to buy? right?

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        1 vote
        [-]
          ·  7 years ago 

        Awesome post, I am currently working crazy hours and trading hoping to get my dollars up to be able to buy bitcoin soon. Crazy part is I remember bitcoin when it first begin and like Walmart I was one of the people who missed that bubble.

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          1 vote
          [-]
            ·  7 years ago 

          We could leverage the power of the entire steemit community in a call to arms against the bitcoin price drop and have them all buy the hell out of bitcoin and HODL! :D I think we got this, what do you think guys? LOL

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            [-]
              ·  7 years ago 

            As a result, STEEM price skyrockets as well, when the public realizes that our community is single-handedly raising the BTC price. ;)

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              [-]
                ·  7 years ago 

              Thanks for giving the chance to enjoy this beautiful news!!

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                [-]
                  ·  7 years ago 

                Technically good explanation for BITCOIN. I am expecting your eye in my post also.

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                  [-]
                    ·  7 years ago 

                  great information @lordoftuth its helpfull thanks for shereing

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                    [-]
                      ·  7 years ago 

                    You are actually making a lot of sense here. UP!

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                      [-]
                        ·  7 years ago 

                      Thanks a lot for sharing and discuss about bitcoin ..I appreciate to your post...Carry on my friend ...

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                        [-]
                          ·  7 years ago 

                        Thanks for this informative post on expected trade value ant it's resistance .i didn't know that btc has recovered partially after aggressive correction until i red your post.

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                          [-]
                            ·  7 years ago 

                          Im hoping it can go up because I bought some Bitcoin at $13,800 the other day. Would love to sell it at $18,000 or more.

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                            [-]
                              ·  7 years ago 

                            This post has received a 2.76 % upvote from @booster thanks to: @lordoftruth.

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                              [-]
                                ·  7 years ago 

                              bitcoin is now making big moves :)

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                                [-]
                                  ·  7 years ago 

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                                    ·  7 years ago 

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                                    [-]
                                      ·  7 years ago 

                                    Thanks for the update @lordoftruth! Bitcoin is coming back!!

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                                      [-]
                                        ·  7 years ago 

                                      you were absolutely correct bitcoin is in full upward trend today

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