Expected trading for the rest of day is between 5700.00 support and 6300.00 resistance
Bitcoin shows some slight bearish, waiting to get
enough positive momentum to resume the bullish wave.
Bitcoin price keeps rising after consolidating above 5422.00 level and formed solid support at 5422.00 / 23.6% Fibonacci Correction.
Bitcoin price is trying to keep up its rally, but there are signs of bullish exhaustion and a potential reversal pattern.
Technical indicators suggest the rally could stall. If so, a head and shoulders pattern could form.
Breaching 5935.00 level and hold above it, confirm extending the bullish wave towards 6300.00.
Breaking 5422.00 and hold below it, will cancel the bullish trend and will push the price to test 4950.00 level before any new attempt to rise.
Expected trading
for the rest of day is between 5700.00 support and 6300.00 resistance.
Expected trend for the rest of day: Bullish.
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Great update for bitcoin info and good analyses .
thanks for sharing
100% like and resteem
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@lordoftruth,
"Bullish" that would be a great analysis friend! Have a huge stock of XLM and wish to sell them soon :D Then STEEM ON!
Cheers~
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We can trust bitcoin, but not bitcash nor bitcoingold.
Thanks for the update.
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Thanks for the update of btc article.
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Nicely analyse Bitcoin Trend midday update. Thanks for @lordoftruth
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But how do you overall say its bullish?? Why? Seems done for now to me
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The bullish trend will remain active for today unless breaking 5422.00 level
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So you dont see this scenario possible? https://steemit.com/trading/@gazur/bitcoin-crash-incoming-buy-opportunity
I quite franly think it is more likely, as we lost steem and the weekly view looks like correction town. please leave your take
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Yes it is possible if 5422.00 is Breaking
Let us wait and see
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Great btc news. Thanks for sharing.
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Bitcoin is our king of crypoto.
Thank you for update BTC midday..
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good post
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the question is can it break the 6300 resistance, if that happens it may start another upward climb
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The top I think will be around 6330.00 for now
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img credz: pixabay.com
Nice, you got a 10.0% @minnowbooster upgoat, thanks to @lordoftruth
Want a boost? Minnowbooster's got your back!
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Is Satoshi Nakamoto going to be first trillionaire? The rising of bitcoin price will make that happen.
Nice update
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Thanks for the info
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bitcoin all the way up
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Thanka for sharing such important information
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