Time: 6.58 A.M. / GM+2 / 10th June 2018 – Sun.
After the decent upside move to 7.756K level, bitcoin price declined
and moved to 7.266K, as expected. If you short with us at 7.730K - 7.750K with SL above 7.996K, its time to take some Minor Profit at 7.300K and to move SL to Breakeven at 7.750K, waiting for the next targets at 7.050K / 6.519K / 5.878K / 4.300K.Bitcoin Bears remain in control and we continue to hold our view that, the large range between 4.267K & 14.469K For 2018 will be in play.
In our previous post / 618 / we had forecast the trading range will be between 7.050K and 7.996K. The intraday high was 7.680K and the low was 7.266K.
At press time, bitcoin is trading around 7.300K and the chances is valid to achieve more decline, supported by MACD & RSI.
- The 2 weekly bearish stop grabbers suggest drop below 6.519K, to test 5.878K reaching 4.300 area.
- The Same Destination point of the above Butterfly "Buy". The potential bullish reversal location.
The decline will resume, as long as the price below 7.996K - 8.075K Area. So we might see a stronger move to the downside in the next week.
Note; Confirmation of a change in short term bearish trend will be
on a breakout and close above 7.996K.
We suggest / Bearish Trend / for today.
Support 1: 7050.000 level.
Resistance1 : 7996.00 level.
Support 2: 6519.000 level.
Resistance2 : 8075.000 level.
Expected trading for today:
is between 7050.00 and 7996.00.
Expected trend for today :
Bearish.
Medium Term:
Neutral.
Long Term:
Bullish.
The low of 2018:
5947.00 !!! / 4267.00 Expected.
The high of 2018 (BitcoinTrader's Year):
14469.00 / Expected.
The low of 2019: ???
The high of 2019 (Bitcoin Holder's Year):
36000.00 level / Expected.
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.
will btc price go 10k in this august????
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Lol did you even read his TA?
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5.878K - 4.300 area.
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This post has received a 9.44 % upvote from @boomerang.
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Please do we still have hope in steemit.............All our digital currencies are turning down?
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We are going much lower. Mainstream interest has totally dried up.
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This post has received a 23.48 % upvote from @booster thanks to: @lordoftruth.
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Oh my gawd!
Please not the downside. Can't stand it
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T.T Teacher please let me know how you got the 4267..
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a massive drop i was expecting that now we are off to a flyer
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we are off to a flyer?
I don't understand what is a flyer?
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Boom that was sweet sorry bulls he warned you several times.
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Very useful and you are great .. Thank you friends ..
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