Bitcoin Trend / 29 - 01 - 2018

in bitcoin •  7 years ago 

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 Expected trading for today is between 10700.00  support
and 12900.00 resistance  

Bitcoin price moved higher and is trading above 11000.00
to open the door for more gain above 12000.00 level and a
solid support base was formed above the 10200.00 level.

So What Next!


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  • Bitcoin price now is around 11500.00 / the fear zone/. The trend is bullish and most of the professional traders are expecting a strong rebound from the current price level.

  • Bitcoin price will appreciate in value over the next few weeks, as multiple hedge funds are currently looking at these futures contracts in a positive light.

  • Technical indicators signal that buyers have the upper hand and bitcoin price might move towards 12400.00 level.
    4-hours MACD in the bullish zone.
    4-hours RSI above the 50 level and is moving higher.
    The price now is above the EMA50.

  • Breaching 12400.00 level and hold above it, will push the price towards 12900.00 level.

  • Note; Breaking 10700.00 level and hold below it will cancel the bullish wave and will push the price to re-test the low of year at 9300.00 before any new attempt to raise.

Expected trading for today:
is between 10700.00 support and 12900.00 resistance.

Expected trend for today : Bullish.

Source

YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.

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This post is very knoledge ful an thanx for share the post

Thanks for staying us updated regarding bitcoin, it is really helpful for me in day trading, keep posting nice bitcoin updates friend, Stay awesome

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  ·  7 years ago Reveal Comment

let me ask you :)

how do you predict about bitcoin in 2019 whether it will be higher or will decrease?

  ·  7 years ago Reveal Comment

Thank you for the dailly signal :)

so informative post

Good advice and very carefully framed. My one nitpick is that I think that $100k-$250k would not imply that fiat is becoming worthless or the prevailing economic regime has completely fallen apart. That's only a ~2 Trillion Market Cap still far less than gold and the rise of gold certainly hasn't made fiat worthless. I think you would be talking a price of well over $1M before you are really seeing any real loss of trust in fiat having an impact of the exchange rate. @lordoftruth

interesting article

Thanks for sharing this post, very informative

This is so useful to me. Thank you for the information

Thank you for your predictions based on some technical analysis, I have been following up on your past forecasts of BTC daily range and they have been so reliable. Thanks @lordoftruth for the hard work.

How do you calculate support and resistance?

thanks atas informasinya

That breakdown you gave seems logical enough.

great post. bitcoin is king.thanks for sharing.

Good post, I like your post

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Great post...
Thank's for sharing...

wow great blog👌👌👌👌.i apricate your post.
thanks for sharing.
carry on
lordoftruth...

This post has received a 4.76 % upvote from @booster thanks to: @lordoftruth.

The bank that was first against Bitcoin and Cryptocurrencies: "JPMorgan Changes Stance: Bitcoin Could Become the New Gold" - http://bit.ly/2DT7KQy

Nice post. Can bitcoin drop to $0?

got a slight pullback from the trend

Seems like we are clawing to stay at 11 today. Hey Im happy if Steem can hold 5.

thanks for your advice.