Bitcoin Trend / 17-11-2017

in bitcoin •  7 years ago  (edited)

bitcoin-1.jpg
 Expected trading for today is between 7600.00  support and 8350.00 resistance  


Bitcoin price is establishing new record highs as it succeeded
to reach 8000.00 level / 50% Fib extension level and settles near it.

So What Next!

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  • Technical indicators show strengthening bullish momentum, so bitcoin price will try to test 8350.00 and could aim for the 61.8% Fib extension at 8638.00.

  • Holding above 7600.00 represents key condition to continue the expected rise.

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

  • Stochastic is on the move up to show that buyers are in control
    of price action.

  • RSI indicate that the Bullish still in the cards.

Expected trading for today:
is between 7600.00 support and 8350.00 resistance.

Expected trend for today:
Bullish.

Source

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It may take quite a bit of power to reach 8350. As I see 8K line as another barrier (more psychological). . Yet quite tough to cross over.

i bought more bitcon at $6500....nice to see it go up recently

My steem post thanks for update btc market
7c8accfcbb01ad418f528429bfbe85cb.png

Good

Great analyse BTC technical report of BTC.
Best job..

Thanks for the update of bitcoin article & great information.
Thanks @lordoftruth
Have a great day

Omg ! It is spiking higher and higher !

Good job my friend 😘 😘
Thanks you very much..

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

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

Good news

Thanks for sharing.

(((((( Resteem Service)))))))

updated...cryptocurrency...that's good.
@upvoted and followed

Nice summary.. looking forward to seeing how high this BTC run can go

Nice update

Well sir great but sir is it is good to enter at this level to Bitcoin

Up voted the lord of truth

Hay sir your all posts are really great to see and got a lot more information

Bitcoin price start again rise up. Its see your chart.

BTC Reach level $8000.. What will next? Probably will be $10000?

new records about to be broken