Bitcoin Trend /12-10-2017/ Midday Update

lordoftruth (71) in bitcoin • 7 years ago (edited)

Bitcoin rallied sharply to breach 4980.00 and settles above it..
Technical indicators suggest a continuation to next target at 5500.00..
So What Next..

Expected trading for the rest of day is between 4760.00 support and 5500.00 resistance.

Stochastic shows clear positive signals and support the bullish wave..
100 SMA is above 200 SMA so the uptrend is more likely to continue than to reverse..
EMA50 support the bullish trend..
Breaking 4760.00 and hold below it will move the price to $4600.00
(38.2% FIB ) before any other attempt to raise..
Holding above 4535.00 support the continuation of the bullish wave towards 5500.00, but breaking and hold below it will cancel the expected raise..

Expected trading
for the rest day is between 4760.00 support and 5500.00 resistance..
Expected trend for the rest of day: Bullish..

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bitcoin blog cryptocurrency money trending

7 years ago by lordoftruth (71)

$17.11

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[-]

theguruasia (67) · 7 years ago

@lordoftruth,
BTC at $5500! Yeah it can be there! Great analysis friend!

Cheers~

$0.81

1 vote

[-]

lordoftruth (71) · 7 years ago (edited)

I drew the below diagram 6 months ago ..
This was my expected target ( 5500.00) 6 months before..
I think everyone understand now why I put it on all my posts of Bitcoin Trend..
Now we are so close to it..

The problem now , What next !!
My point of view soon around 5500.00 level, profit-taking will be in the cards soon..

$0.00

1 vote

[-]

theguruasia (67) · 7 years ago

@lordoftruth,
Wow you are amazing! It passed that level :D

Cheers~

$0.00

[-]

mohammedfelahi (57) · 7 years ago

wonderful

$0.11

1 vote

[-]

brothermic (68) · 7 years ago

amazing right! and price now, wooow

$0.11

1 vote

[-]

silent.screamer (54) · 7 years ago

It's rising, slowly but surely.
There might be a correction soon, but it will resume the upward trending soon afterwards :)

$0.10

1 vote

[-]

blazing (70) · 7 years ago

everything looks positive now :D

$0.06

1 vote

[-]

stbrians (54) · 7 years ago

That is a real push to prove Bitcoin as the biggest whale amongst dolphins and minnows. Go on bitcoin, go.

$0.00

1 vote

[-]

rocksg (69) · 7 years ago

Another good day for trading.

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[-]

rehan12 (73) · 7 years ago

Bitcoin is going off the roof ;)

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[-]

adnanrabbani (70) · 7 years ago

wow fantastic technical analysis my friend, btc is looking so strong and if the total no. of users continue to grow, i am sure we will see 8K btc soon. thanks for sharing

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minnowpond1 (48) · 7 years ago

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minnowpond (62) · 7 years ago

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[-]

callierhino (60) · 7 years ago

This is good news, I am not sure if I should buy a new GTX 1070 to mine or just use the money to buy Bitcoin, what to do?

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[-]

ehabfox (56) · 7 years ago

i think it will be 10000$ in max 6 monthes
and thank you so much for sharing it
followed :)

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[-]

silvia (69) · 7 years ago

Nice post @lordoftruth

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minnowbooster (73) · 7 years ago

Calling @originalworks :)
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1 vote

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originalworks (69) · 7 years ago

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[-]

resteemia (56) · 7 years ago

amigo #resteemia at your service

excellent analysis report & impressive work @lordoftruth

ReSteemia
'UpVoted ReSteemed Commented'

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[-]

killerkuasha (57) · 7 years ago

yes...bitcoin is going to reach 5500.....
good luck!!!

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[-]

kingsberry (58) · 7 years ago

Thank you @lordoftruth for bitcoin trend midday update..

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minnowpond (62) · 7 years ago

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ghorardim (55) · 7 years ago

Great post, again,! Thank you for what you're doing. Upvoted @ 100% my friend. Keep up the good work.go ahead.we are with you all time.best of luck

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[-]

az-charts (29) · 7 years ago

I see no charts. Here's mine: https://steemit.com/main/@az-charts/indexes-and-commodities-spx-to-2700-hang-seng-to-30k-dax-to-13-3k-gold-possibly-to-1360-oil-to-70usd-per-barrel

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[-]

madushanka (74) · 7 years ago

Great midday bitcoin trend updating. Bitcoin rallied sharply to breach 4980.
Thank you for sharing

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[-]

mushfiqsami (30) · 7 years ago

good post

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