Bitcoin Trend Series / EP. 657 / What Mext!

in bitcoin •  7 years ago 

Time: 9.09 A.M. / GM+2 / 18th July 2018 – Wed.

  • In our previous post / 656 / we had forecast the trading range will be between 6.420K & 7.050K. The intraday low was 6.666K and the high was 7.561K.

  • Conform 4H, Bitcoin price continues bullish rally after breaking 6.842K and the confirmation of IH&S pattern, so we expected the continuation of the rally towards 7.900K as long as the price above 6.842K.

  • The Expected Upmove remain valid conditioned by price stability above 6.842K.

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Sentiment

Based on the above
The trend is Bullish for today.

Support 1: 7050.000 level.
Resistance1 : 7550.00 level.

Support 2: 6842.000 level.
Resistance2 : 7900.000 level.

Expected trading for today:
is between 7050.00 and 7900.00.

Expected trend for today :
Bullish.

Medium Term:
Bearish.

Long Term:
Bullish.

The low of 2018:
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.

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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Writing a series means playing a long game,
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.

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

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

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7 years ago by

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    • [-]
      ·  7 years ago 

    I really hope it goes to 7900.... Cause there are people still hodl and prepare to sell.

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      [-]
        ·  7 years ago 

      Time to wreck the sellers

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        [-]
          ·  7 years ago 

        Yes we all want this to happen but every one is asking why it is risen.

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          [-]
            ·  7 years ago 

          @ lordoftruth, Thank you for your great post.

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            [-]
              ·  7 years ago 

            what happened to 4.4k?

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              [-]
                ·  7 years ago 

              Can we see $8500 for $BTC by the end of the week?

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                [-]
                  ·  7 years ago 

                @lordoftruth nice that.
                We seems $7500 in little pick

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                  [-]
                    ·  7 years ago 

                  Still the low remains valid well then i need to keep some funds ready to buy back in later

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                      ·  7 years ago 

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