Expected trading for today is between 9300.00 support
and 11200.00 resistance
Bitcoin prices have remained stagnant between 10000.00 -11000.00 range.
The 45-percent drop in value let some experts
worried that the bitcoin bubble may have burst for good.
Personally I believe is healthy for the ecosystem.
Bitcoin price now is around 10600.00 / the crash zone/. The trend is bearish supported by negative pressure formed by EMA50, but bounce from here might be on the card.
100 SMA is above 200 SMA so the upside is more likely.
RSI indicate that seller still have the upper hand.
Stochastic indicate that selling pressure is weak and buyers may be taking over.
Note, Breaking 9300.00 level and hold below it will move the price toward 8600.00 level.
Note, Breaching 11200.00 level and hold above it, will cancel the bearish wave and will push the price to resume the bullish trend, as this level is the key to stop the decline.
Expected trading for today:
is between 9300.00 support and 11200.00 resistance.
Expected trend for today:
Bearish.
What You Know About --> Fibonacci Retracement in Trending Market.
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If You are New in Forex --> Read Forex Education Center / Volume I.
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What You Know About --> Syrian Civil War.
here is a summary of my trading so far this year:
"wait for it... wait for it... wait for it... wait for it...
almost ... its coming... wait for it... wait for it... "
Let's get this final dip done already! ;_)
thanks as always for your guiding the blind
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Great analytics :)
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Excellent technical analysis and i think that bitcoin is still in crash zone and we might see it going down to 9300 mark, thanks for telling us support and resistance levels it really help me in day trading, Stay blessed
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I don’t see anything good happening until we get past 13000, 13500 to be safe.
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I agree with you
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its trading in the green zone and its up 4% now at 11000, but might drop to 10900. things are looking up
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Fantastic analysis for crypto carrency...Thanks for your suggation...
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Truely, the relative drop in BTC price is a good thing for the ecosystem. Folks can now buy low and hold.
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thanks for this update information..
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Wow this blog is very nice …Impressive!
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Thank you @lordoftruth for making a transfer to me for an upvote of 2.87% on this post! Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem! The other half helps holders of Steem power earn about 60% APR on a delegation to me! For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily? To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?
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Hello,
Interesting statistics. Thank you for giving us the latest news from the crypto world every day.
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good post friends.
for this time i need support from you for my last post.
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Very informative! Kerp it up
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Ya it may be bulish or may not be critical point
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good post, I like your post ..
I need your support please visit my blog https://steemit.com/@muliadi
if you like my post please give upvote, resteem &follow me.
thank you, keep on steemit
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Only two month ago we were below 10k and never above before. Now we are above. So what? Everything looks fine in the big picture.
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I'm delighted to read your blog! Thank you for your great work, friend @lordoftruth!
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@lordoftruth...nice analysis about bitcoin price..thank you for sharing with us...have a nice day...
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This post has received a 3.75 % upvote from @booster thanks to: @lordoftruth.
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thank you very much for your suggestion about bitcoin movement its really matter to me.
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Nice..
Good post bro
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thanks ^^
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Thanks for the prediction in my feed, lord. Appreciate ya.
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not a good day to trade some :/
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thanks for sharing , hope it will go up soon
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Seems to be fighting at the 11200 level all day
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