Bitcoin Trend / 29-12-2017

in bitcoin •  7 years ago  (edited)

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 Expected trading for today is between 13700.00  support and 16400.00 resistance  


Bitcoin price surpass 14400.00 level and settles above it.
The trend is bullish but technical indicators are giving mixed
signals and reflect some bearish pressure.

So What Next!

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

  • Stochastic reflect that buyers are already feeling exhausted.

  • RSI has room to climb / bitcoin price hold its ground around 13700.00 and there are chances to climb towards 16400.00 level.

  • Breaching 16400.00 level and hold above it will push the price up towards 17600.00 level.

  • Breaking 13700.00 level and hold below it will cancel the bullish wave, and will push the price to suffer more losses.

Expected trading for today:
is between 13700.00 support and 16400.00 resistance.

Expected trend for today:
Bullish.

Source

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Your post is very nice

Is this is profit booking period started here to new year celebrations?

Bitcoin should come down to $9500 so we can have it slingshot to the moon in 2018.

AGREE

Bitcoin will not fall to 9500 I think at the beginning of 2018 it will be fixed at 20,000!;)

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Great explanation and thank you for your update...:)

This Post very nice.. Bitcoin is great coin... thanks for sharing this post... carry on my friend...

I am agree with you. Good analysis work about bitcoin trading market and Cryptocurrency. Follow and upvoted you. Happy new year 2018.!

I totally agree with your prediction. Thanks for sharing

Bitcoin prices are now close to $ 15,000. In today's price it will probably be $15.5 thousand

Bitcoin bouncing off trendline support, sees new highs by mid Jan my opinion

I thoroughly concur with your expectation.
Thanks for sharing it..
Upvoted and resteemed...

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this post is very nice.....
i like bitcoin.. thank for sharing...

Thanks for the update of bitcoin article & great information.
High value of btc13,700 $
Thanks @lordoftruth
Have a great day

great analysis and very informative information.thanks for sharing.
upvoted // resteem

I thought with all the news it would be doing worse but seems remarkably resilient.

I am investor of bitcoin from 2012 and gained that much which i couldn't earn in 10 lives.

97.823013 BTC in wallet and your predictions making me more bitcoins.

Thanks buddy!.

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I hope you will like it,

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Wow! Thanks @lordoftruth, your post is very informative! its a big help to us new in steemit. keep on posting! :)

This post has received a 1.47 % upvote from @booster thanks to: @lordoftruth.

Thanks for this update @lordoftruth!

Incredible, you are so great. I always admire you and always support your work .. Thanks for everything
@lordoftruth

thanks a lot for this trend :)

thank you for your explanation..very informative :)

Good work
Amazing analysis by the way

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