Bitcoin Trend / 06-11-2017

in bitcoin •  7 years ago 

bitcoin-1.jpg
 Expected trading for today is between 6840.00  support and 7400.00 resistance  

Bitcoin found difficulty to surpass 7600.00$ level as expected
and begins bearish correction.

A picture is worth a thousand words / Was posted few day ago
oo.png

So What Next!

06.jpeg

  • The bearish correction will push the price to visit 6500.00 level / 23.6% Fibonacci Correction (from 3000.00 to 7590.00).

  • Stochastic signals the return in bearish pressure.

  • RSI is turning lower and ready to move south.

  • Oscillators are hinting at uptrend exhaustion so a correction might be needed before further north.

  • Investors still seem optimistic about the outcome of the network upgrade.

  • Breaching 7590.00 level and hold above it, will cancel the bearish correction.

Expected trading for today:
is between 6840.00 support and 7400.00 resistance.

Expected trend for today:
Bearish.

Source

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.   

fibo.jpeg

If You Are New Steemain Read  --> Get Started Fast with Steemit.   

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

If You Feel Invisible on Steemit  --> Come and hang with us.   

What You Know About --> Syrian Civil War.   

sy.jpeg

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  


Exciting times in the land of CRYPTO!

Thanks for great support and upvote

Thank you so much @lordoftruth for complete technical analyse about btc...
Upvoted...
Cheers~~~

Thanks for the update of btc article.

Thank you once again for your excellent post. It really helps me to know and understand the trend.

waw, trending steady ya @lordoftruth .. it's nice if bitcoin keeps going up. good article 👍

Great analyses and valid graphic summary. good information.
(((((( Resteem Service))))

Thanks a million for this enlightenment

Great news of bitcoin. Thanks for sharing.
Upvote Resttem

Screenshot_2.png

Thanks for update bitcoin analysis chart with blog @lordoftruth
Resteemed.

Great update for bitcoin info and good analyses .
thanks for sharing
100% like and resteem

  ·  7 years ago (edited)

seems to be holding above 7k

yes upto now its gone down 1%

Breaking record again and again.

  ·  7 years ago Reveal Comment