Bitcoin Trend /13-10-2017 Midday Update / Some Factors For Performance of Bitcoin Price

in bitcoin •  7 years ago  (edited)


As expected, Bitcoin faced some bearish correction after the strong
bullish rally and now fluctuate above 5575.00 level
So What Next..

 Expected trading for the rest of day is between 5500.00  support and 6000.00 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.

  • Breaching 5800.00 barrier and hold above it, will push the price towards 6200.00.

  • Breaking 5575.00 and hold below it, will push bitcoin to start bearish correction to test 5140.00 before any other attempt to rise again.

Expected trading
for the rest day is between 5500.00 support and 6000.00 resistance.
Expected trend for the rest of day: Bullish.


Pic Source

Some Factors For Performance of Bitcoin Price

The SegWit2x hard fork could play a vital role in the short-term trend of the Bitcoin price. As of current, the demand for Bitcoin from supporters of both the original Bitcoin blockchain and SegWit2x is driving the price of Bitcoin upwards. Investors and traders who believe that the SegWit2x hard fork in November would still result in the original Bitcoin blockchain or legacy chain remaining as the majority chain would invest in Bitcoin to assert their confidence in the short-term trend of Bitcoin.

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7 years ago by

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    • [-]
      ·  7 years ago 

    Thank you @lordoftruth for the important information! I resteemed!

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    1 vote
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      ·  7 years ago 

    Thanks for support and resteem

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      [-]
        ·  7 years ago 

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      [-]
        ·  7 years ago 

      bitcoin is going to $6000.

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      [-]
        ·  7 years ago 

      Very important information @lordoftruth
      Upvote/ Resteem

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      [-]
        ·  7 years ago 

      amigo #resteemia at your service


      well analysis the market. impressive work @lordoftruth

      ReSteemia
      'UpVoted ReSteemed Commented'

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      [-]
        ·  7 years ago 

      Very good post my friend
      •°•♡ⓣⓗⓐⓝⓚⓢ♡ •°• for sharing @lordoftruth

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      [-]
        ·  7 years ago 

      people are stockpiling Bitcoins in antocipation of the Bitcoin gold fork, once that takes place they will move their money back to alt coins.

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      [-]
        ·  7 years ago 

      Thanks for sharing
      100% like and resteem

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      1 vote
      [-]
        ·  7 years ago 

      We wish bitcoin price will be 6000k.
      Great news updating @lordoftruth

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      1 vote
      [-]
        ·  7 years ago 

      @lordoftruth - Sir, it's very useful news for me.... Your expert knowledge helps me to understand the market trends Sir.... Therefore, I wish to ReSteem your post.

      +W+ [UpVoted & ReSteemed]

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      [-]
        ·  7 years ago 

      Thanks for the update btc news ,bct up to 5575
      appears more bitcoin.

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      [-]
        ·  7 years ago 

      Hey @lordoftruth
      Nicely done...execellent explain about btc...
      Cheers~~~

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      [-]
        ·  7 years ago 

      @lordoftruth,
      You explained it well! Thanks dude! I am looking for a price drop to enter the market again!

      Cheers~

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      [-]
        ·  7 years ago 

      Beautiful all picuters shearing hank you halp

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      [-]
        ·  7 years ago 

      Good thanks

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        [-]
          ·  7 years ago 

        Good analsys . I love your all posr. Excellent!

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          1 vote
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            ·  7 years ago 

          @reported 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 

            @mrainp420 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 

              Best and most accurate information I've seen provided yet. Resteemed!

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                [-]
                  ·  7 years ago 

                thanks for the important information @lordoftruth.

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                  [-]
                    ·  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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                    [-]
                      ·  7 years ago 

                    its trading right there you are really awesome with your predictions :)

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                      [-]
                        ·  7 years ago 

                      Now bitcoin will show its power and people will realize it. China is gonna regret very soon about it.

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                        [-]
                          ·  7 years ago 

                        Your understanding is great for Bitcoin. I think so too, bitcoin will increase at a great price, as evidenced by the current prices.

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                          [-]
                            ·  7 years ago 

                          The upcoming HF is providing a lot of suspense, but obviously no fear. Although it is rather unclear what will happen. That's really weird. I can hardy believe it.
                          So I'm following my mantra-like advice: HODL :-)

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