Bitcoin Trend / 16-11-2017 Midday Update

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

Expected trading for the rest of day is between 7000.00 support and 7600.00 resistance

Bitcoin keeps rising as expected and price swing higher to approach from 7600.00. EMA50 support the bullish wave but the other tech indicators suggest a drop. So there are still signs that bears around 7600.00 could start.

So What Next!

Breaching 7600.00 level will move the price towards 8000.00.
Holding above 7000.00 represents key condition to continue the expected rise.
Breaking 7000.00 and hold below it will push the price to drop.
EMA50 support the bullish wave.
100 SMA is below 200 SMA so the price is more likely to reverse
than to continue the rally.
Stochastic show that the bears remain on top of their game.
RSI indicate that the bear in the cards.

Expected trading for the rest of day:
is between 7000.00 support and 7600.00 resistance.

Expected trend for the rest of day:
Bullish.

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7 years ago by lordoftruth (71)

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akcshat (43) · 7 years ago

Bitcoin is get higher resulting low values in currencies.
When it would become stable!!!!
lord of Truth interesting post
upvoted and RESTEEM

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2 votes

[-]

stmit (55) · 7 years ago

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

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1 vote

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steveuk (59) · 7 years ago

I think it's in another Bull Rise it will see the year out at another record high.

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1 vote

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pawansharma (53) · 7 years ago

Thanks sir.

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1 vote

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hatimbenya (36) · 7 years ago

I simply like your post @lordoftruth , great content and presentation, I'm new in Steemit and I read that article. Thanks for sharing this post.
@hatimbenya

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1 vote

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upgoat (12) · 7 years ago

Calling @originalworks :)
_{img credz: pixabay.com}
Nice, you got a 36.0% @rocky1 upgoat, thanks to @lordoftruth
It consists of $5.45 vote and $0.34 curation
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originalworks (69) · 7 years ago

The @OriginalWorks bot has determined this post by @lordoftruth to be original material and upvoted(1.5%) it!

To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!

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minnowpond (62) · 7 years ago

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zahidsun (65) · 7 years ago

thanks for daily update

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[-]

believeme (65) · 7 years ago (edited)

Hey friend did you know the maximum value at which Bitcoin trade @lordoftruth

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shagorshikder (54) · 7 years ago

it's a important news...thank's for sharing...

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shavishtha (52) · 7 years ago

Great graphic chart of bitcoin trend. thanks update in information.
Upvote Resteem

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upvoteresteem (25) · 7 years ago

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blazing (70) · 7 years ago

Market cap is growing tremendously

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