Bitcoin Trend / No. 512 / The Road Have Been Bumpy

in bitcoin •  7 years ago  (edited)

Time: 8.29 A.M. / GM+2 / 28th Feb, 2018 – Wed.

My friend @freiheit50, and some of you know about me that I am "Crypto Holder", and I do not sell my coins. But due to the tulburence on "Crypto Market" on Dec 2017, after we hit the top at 19.7K, I saw that the bitcoin markert start to move in Tandem With Stocks & Commodities. The reason why I became "Crypto Trader" ( I hold half of my capital and I trade half ).

On 2017; I SLD at 19.5K. On 2018; I BGT at 6.1K, I SLD at 11.65K and I BGT few days ago at 9.37K / Check The Post 506 / If you calculate the profit from trading ( 4 Calls ), you will see that is more better than holding. The road have been bumpy, with good money.

Recapitulation:

As I wrote in my last post / 511 / we are in Bullish Mode. "Bullish VOB" pattern on the weeky chart and "reverse H&S" pattern on the daily chart, confirm the climb, toward 15K.

123.gif

What Next !

Bitcoin price surpassed 10700.00 level as expected and settles above it. Check / The Trend Map 510 /. The price start to move toward the weak resistance at 11.7K and most likely, will open the way toward 12.8K the next days, to hit the target 14.5-15K, on the end of March.

What About Today!

Bitcoin is currently trading around 10.80K at time of writing and the trend for today is bullish, supported by:

  • MACD Provide buy signals.
  • 100 SMA is above 200 SMA so the upside move is more likely to continue.
  • Stochastic is on the move up to suggest that buyers have the upper hand.
  • RSI support the bullish pressure.

Support : 10150.00 level (Major).
Resistance : 11700.00 level (Major).

Expected trading for today:
is between 10150.00 support and 11700.00 resistance.

Expected trend for today :
Bullish.

Medium Term:
Bullish.

Long Term:
Bullish.

The low of 2018:
5947.00 / IHS Bottom.

The high of 2018:
25000.00 level / Expected.

Thanks For Reading..

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

What You Know About --> Fibonacci Retracement in Trending Market.   

bitcoin cryptocurrency money trending finance
7 years ago by

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      ·  7 years ago (edited)

    Thanks for mentioning me as your friend! Without any doubt trading can be much more successful, but has some disadvantages, too. It takes more time, costs more mental attention and if you are wrong, you can be sweeped out of the market. Holding over more than one year is tax free in Germany.
    Yesterday I mentioned you as a awesome expert of the btc chart:
    https://steemit.com/deutsch/@freiheit50/ein-entspannter-und-trotzdem-spannender-blick-auf-den-bitcoin

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    [-]
      ·  7 years ago (edited)

    I know you are holder and I was holder also but for now I use half for trading half for holding..

    I agree with you the trading is so hard but I like to play the game..
    My point of view that:

    • 2017 for holders..
    • 2018 for trading ( the first 3 months )..

    Thanks for mention mate, I am not expert, I am just a trader! I will check your post soon.

    • Note, There are also bullish flag pattern. Traders on the 4-HR chart, waiting for a likely return-move to retest 10.15K level, before entering a long position, they will place a stop-loss anywhere under key level, below 10 K - Target 1: would be 11.7K .. Target 2: would be 12.8K on near term.
    • Note, Bitcoin price was able to draw some gains the last days, even though equities and commodities closed lower. This marks a shift in the dynamic wherein bitcoin usually trails these riskier assets and benefits from risk appetite

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      [-]
        ·  7 years ago 

      If you're experienced, it is better to trade than to hold for sure.

      Great post!

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      [-]
        ·  7 years ago 

      2017 was for holding..
      2018 for trading..
      Thanks for support

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        [-]
          ·  7 years ago 

        Hello, I have a question. I want to step in towards the target of 14.5 / 15K but do you expect a retracement toward for example 10.2 K or something? Or do you expect a bullish line without real retracements on it's way to the target?

        Thank you.

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        [-]
          ·  7 years ago 

        Might be a retracement toward 10.15 K before breaking 11K.

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          [-]
            ·  7 years ago 

          Perfect. Thnx. BTC is now 10.5K and seems to declining further.

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            [-]
              ·  7 years ago 

            Thanks for the post bruah....I will wait for a while to get into this Bitcoin buying thing .market is really looking very bumpy ,most of the newbie is jumping in thinking that the way is cleared .

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              [-]
                ·  7 years ago 

              Thanks for sharing great information and updates keep it up I always wait for your post

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                [-]
                  ·  7 years ago 

                Bull please kill the bear!!!

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                  [-]
                    ·  7 years ago 

                  Thanks for great post..i appreciate this cryptocurrency..

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                    [-]
                      ·  7 years ago 

                    thanks for sharing great post @lordoftruth i like it

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                      [-]
                        ·  7 years ago 

                      Well gladly appreciate your work buddy !Well the suggestion of about Btc is sure helpful buddy !Thanks for that !
                      You are indeed a perfect trader !

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                        [-]
                          ·  7 years ago 

                        This post has received a 14.08 % upvote from @boomerang.

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                          [-]
                            ·  7 years ago 

                          Thank you for the guidance and information
                          These days the bitcoin is playing with us

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                            [-]
                              ·  7 years ago 

                            Thank you for collaborating with me to promote this post as explained at https://steemit.com/steemit/@jerrybanfield/10-ways-to-fund-a-steem-growth-project.

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                              [-]
                                ·  7 years ago 

                              Upvoted ☝ Have a great day!

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                                [-]
                                  ·  7 years ago 

                                back round pick is so funny.

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                                  [-]
                                    ·  7 years ago 

                                  Thanks for great post share....
                                  I appreciate your crypto currency..... best of luck......

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                                    [-]
                                      ·  7 years ago 

                                    Really very good Suggestions,thanks off.

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                                      [-]
                                        ·  7 years ago 

                                      very funny analysis!

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                                        [-]
                                          ·  7 years ago 

                                        great post guys.

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                                          [-]
                                            ·  7 years ago 

                                          Your buy and sell calls are really really close to the exact peaks and troughs. I hope my math is right, but that does mean I could have almost quadrupled my BTC if I bought and sold at the right timing?

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                                            [-]
                                              ·  7 years ago 

                                            it is back a step but it will go twice the steps up

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