Bitcoin Trend / 24-10-2017

in bitcoin •  7 years ago 

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 Expected trading for today is between 5300.00  support and 5800.00 resistance  


The bearish pressure is back and it looks
like bulls aren’t ready to push it back up soon.

So What Next!

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  • Bitcoin gold has been weighing on bitcoin price as investors are once again worried about the upcoming network upgrade, that will be open to the public by November 1st.

  • Stochastic & RSI show exhaustion among bears.

  • The price is in the middle of a correction and bitcoin continued its negative pressure towards 5422.00 level.

  • Breaking 5422.00 and hold below it, will move the price to test 4950.00 level.

  • Breaching 5920.00 barrier and hold above it, will cancel the suggested bearish correction and will push the price again to 6200.00.

Expected trading
for today is between 5300.00 support and 5800.00 resistance.
Expected trend for today: Bearish.

Source


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Thanks for the useful information! I will learn a lot from you! Have a nice day!

Thanks for sharing update.

upvoted and followed

Thanks for the update of btc article.

Great btc news. Thanks for sharing.
Upvote Resttem

Perfect analyse Bitcoin trend with technical chart @lordoftruth.
Thank you...

Great Analysis @lordoftruth
Thanks

Excellent work sir, All of users update bitcoin market from your BTC Trend.
BTC price Breaking 5422$ level.
Thanks for sharing..

informative post
thank you for sharing

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

Activities last week showed that some traders had rebounded while others are still struggling, just as volume breakout are becoming stronger...thanks for sharing been nice following your updates

Nice... Cool!! Steem On!

Will bitcoin gold give a momentum to the current market? Let us watch.

@lordoftruth,
I was awaiting to see this moment since a long time :D Nice analysis friend! I think it's time to me to get few BTC before the fork!

Cheers~

Thanks for sharing this..

coming down once again

Hello @lordoftruth,

Extraordinary analysis report which can be used as a guidance of daily BitCoin trading.

~@mywhale

@lordoftruth - Sir, my heat beat is going high now :( Tomorrow it a big day... Anything can happen :( Your Analysis are the only place I could get a clear idea about the market Sir....

+W+ [UpVoted & ReSteemed]