Time: 7.55 A.M. / GM+2 / 8th Apr, 2018 – Sun.
- The "Death Cross" pattern was initially discovered in the stock market, and like any other market indicator, it hasn’t always led to confirmed price movement. Additionally, the quality of such signals decreases in the crypto market due to its extremely high volatility and low liquidity. In this case, the bearish crossover between the 50-day moving average and 200-day moving average, which has been observed over the last two months, confirms a price sharp turn towards a decline, and nothing more. So let us forget it as we haven’t see a rapid fall, despite death cross and the price as you see in ping pong move. For more info about the pattern, feel free to read Death Cross Pattern.
- Soros Fund Management family office has announced they will begin trading and investing in cryptocurrencies. The fund, previously managed by George Soros, oversees $26 billion in assets and received internal approval to trade the digital coins in the last few months. For more info, feel free to read Soros Fund Management.
- In our previous post / 555 / we had forecast the trading range will be between 6.49K and 7.38K. The intraday high was 7.08K, and the low was 6.78K.
And as our prediction in last post:
"Sideways movement between 6.49K and 7.12K is expected."Bitcoin price tested the 7.08K and try to move towards 6.49K again
( ping-pong move ).
The limit for any major swing is Apr 12, which is now supported by the squeezed 1D band that we have been seeing for the past few days. There isn't any BREAKOUT! As the low of 5.947K at 78% retracement level are still intact. Pullbacks / rallies are common features within a primary trend.
MACD looks better, So a move towards 7.33K to cross 7.50K to confirm higher highs is expected. Will not happen today, nor this weekend, most likely will be around the middle of April.
Close above 7.33K followed by 7.50K is needed to improve sentiment before the 20-day moving average at 7.88K comes into play.
We still suggest for today the bearish trend domination, unless the price managed to breach 7.33K and hold above it, with sideways movement between 6.49K and 7.12K.
Bitcoin price can recover as April is historically considered as one of the best months for the digital currency. The reason why I believe the swing between 6.49K and 7.12K will take end and the trend will become bullish around 12-15 April as I am expecting a pretty upside move.
Support 1: 6490.00 level.
Resistance1 : 7330.00 level.
Support 2: 6240.00 level.
Resistance2 : 7880.00 level.
Expected trading for today:
is between 6490.00 and 7330.00.
Expected trend for today :
Slighty Bearish.
Medium Term:
Slighty Bearish.
Long Term:
Bullish.
The low of 2018:
5947.00.
The high of 2018 (BitcoinTrader's Year):
14000.00 level / Expected.
The high of 2019 (Bitcoin Holder's Year):
??? The new all time high is expected.
/ Project by @knircky & @famunger /
You must write a comment to the this post.
Serve as your reminder that nothing can hinder you..
In fulfilling your dreams..
Happy Easter!
investing considerable time and effort up front in
hopes of considerable returns down the road.
I'm so proud of my little blog, and so grateful to all of you
for support to keep it going.
How variable is this pattern?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If you are legitimately trying to ask a question, you need to be more specific. Otherwise this looks like spam.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you so much for your reply. I am just wondering how bitcoin is going down while other in my opinion was also going down. is that a total breakdown?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you! Very useful post
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
A bounty of 0.895 STEEM has been set on this post by @lordoftruth! You can read how they work here.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 3.04 % upvote from @booster thanks to: @lordoftruth.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 2.48% upvote from @postpromoter courtesy of @lordoftruth!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
its going nicely it will be really awesome to see what's ahead :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Beyond the financial-speculative aspect, unfortunately, I fear that Soros will not bring good vibrations...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
ok then let's see what's ahead
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit