Bitcoin Trend Series / EP. 535 / The Jumb To The Upside Will Come In Waves

in bitcoin •  7 years ago  (edited)

Time: 8.16 A.M. / GM+2 / 19th Mar, 2018 – Mon.

In our previous posts / 533 / & / 534 / we had forecast the trading range will be between 7.30K and 8.70K, the intraday high was 8.46K, and the low was 7.24K.

And as we said in our last update:

"Remember that for this fall to stop for good we need to see impulsive purchase orders after the critical price at 7.5K was reached. The reason why might the price to visit 7K - 7.3K ( for short time ) in order to provoke strong buying."

The 7.24K level was tested, the strong buy was provoked, the first jumb on the upside took place and as expected bitcoin price surges 10% as G20 will not crackdown on cryptocurrencies.

Let Us See What Next!

99.jpg

Looking at the chart, it is evident that all is going according to our forecast, the jumb from 7.24K took place to the upside, and the third impulse wave pushed the price to 8.47K.

The reason why I believe the bullish wave will push the price toward 9.4K
( The second jumb ) as this jumb will come in waves to lead the price to 10.15K and 11.70K.

Support : 7500.00 level (Major).
Resistance : 9400.00 level (Major).

Expected trading for today:
is between 7500.00 support and 9400.00 resistance.

Expected trend for today :
Slighty Bullish

Medium Term:
Bullish.

Long Term:
Bullish.

The low of 2018:
5947.00 / IHS Bottom.

The high of 2018:
25000.00 level / Expected.

10559903_827991603901191_6823467013727099018_n.jpg

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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If You are New in Trading  --> Read Trading Education Center / Volume I.    

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Everything is looking fine so far.

The darker the night, the brighter the morning.

Next resistance is about 8500. We will breach it during the next few days.

Jump will come in waves..
12.5K around May 1st..
Sounds crazy right now..
But will be..
Thanks for support..

Keep on going mate, you're doing it great!

May the crypto god hear your word and let it be so. :P

your yesterday trend report was perfect the low you mentioned hit perfectly :)

we ll wait for the good times!!!!!
-cheers-

Thanks for sharing this very nice post

Lets hope that the bitcoin prices will go up

Yes, I agree with you.

Hey!

I like your post, I will follow !

Useful information about the day opening price, For all current and future readers.

Today's date 19/03/2018:
Bitcoin: 8168$
Ethereum: 531$
Ripple: 0,65$
Bitcoin Cash: 928$
Litecoin: 154$
Cardano: 0,16$
NEO: 66 $
Stellar: 0,22$
EOS: 4,56 $
MIOTA: 1,23 $

Have a good day everyone!

It seems you were right!

This post has received a 17.76 % upvote from @booster thanks to: @lordoftruth.

Thank you for the information. Keep up with the good work. Remain blessed.

Accumulation STACKIN time 🤣

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woah nice information,
i got more know about bitcoin and etc ^^

Good analysis of bitcoin trend...keep up the good posts

looks like all set for a good day in crypto today

major resistance ahead this is not going to be easy to break

is it only me that i would prefer to see more detailed charts without graphics...just the usual TV charts.
other than that, thank you for your update. i think you did great giving targets in this dip

its running right now going to test the high level today