Bitcoin Trend / Weekend Quick Update

in bitcoin •  7 years ago  (edited)

bitcoin-1.jpg
 Expected trading for the rest of weekend is between 8650.00  support and 9200.00 resistance  


Bitcoin is capturing headlines with sharp rise in price,
giving credibility to the claim that it has the potential to become
major disruptor in the global economy.

So What Next!

  • It seems like the current trend is very positive as many see it:
  1. More secure form of cash and an independent safe harbor in financial crises times.
  2. New nationless currency that will increasingly be able to buy goods and services.

  • The resistance around the 9000.00 level was broken.

  • Bitcoin price was able to move above 9000.00 and formed a new
    all-time high at 9050.00 level.

  • 4 Hour MACD is placed well in the bullish zone.

  • RSI is moving higher in the overbought levels above 75.

  • The upside targets could be 9200.00.

Expected trading for the rest of weekend:
is between 8650.00 support and 9200.00 resistance.

Expected trend for the rest of weekend:
Bullish.

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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7 years ago by

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    • [-]
      ·  7 years ago 

    I was already expecting your solid analysis. At the moment, reaching 10000 still until the end of this year isn't a very ambitious forecast any more.
    Nobody knows when and where the bull ride will stop. It's the most stunning thing in the world of economy we ever could see.

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    2 votes
    [-]
      ·  7 years ago 

    It is not ambitious even before ETF launch in December, but watch out for possible correction as soon as it is launched.

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    [-]
      ·  7 years ago 

    Correction is needed but let us test 9200.00 level before

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      [-]
        ·  7 years ago (edited)

      Yeah, sure, just keeping in perspective, that ETF launch by CME Group can change everything drastically cause until then there is no real way to short BTC. Update: sorry, I meant futures launch.

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        [-]
          ·  7 years ago 

        Indeed! The ETF at the CME is the only thing we should fea a little bit, because with this scam non-existing bitcoins can be sold.

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          [-]
            ·  7 years ago 

          Combined with the risk of Tether fraud/crash, it may be a difficult New year's start for BTC

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            [-]
              ·  7 years ago 

            If the target 9200.00 broken and hold above it,
            Then will see 9800.00 very soon !
            Thanks for your continued support to my work..
            Have a great Sunday..

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              [-]
                ·  7 years ago 

              Why did I spend all my BTC on NEO???

              10513399_737111959672008_2271430378841164867_n.jpg

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              [-]
                ·  7 years ago 

              What are your predictions before the end of the year my supportive friend?

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              [-]
                ·  7 years ago 

              If 9200.00 was broken, then 9800.00 followed by 10500.00,
              before the end of the year.
              Thanks for support.

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                [-]
                  ·  7 years ago 

                It'll reach $10000 before 2018 and then fall back a little. I'm sad I sold all my bitcoin when it was &5000

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                [-]
                  ·  7 years ago 

                thank you sir nice information your post is really helpful for Bitcoin traders I also know one so that I can help him with help of your post thank you @lordoftruth

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                [-]
                  ·  7 years ago 

                My analysis and prediction point BTC's max closer to 12K by the end of the year with a soft rally going into the new year. Alts on the other hand will be given the well needed support to catchup (the new year rally will provide this support).
                Thanks for sharing!

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                  1 vote
                  [-]
                    ·  7 years ago 

                  Hey I am also looking forward for the remaining moment on the market and I'll also observed that it makes face some resistance over here.

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                    5 votes
                    [-]
                      ·  7 years ago 

                    Thanks for sharing @lordoftruth... i'm beginner in world cryptocurrency..

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                      [-]
                        ·  7 years ago 

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                        [-]
                          ·  7 years ago 

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                          [-]
                            ·  7 years ago 

                          Bitcoin is so bullish today, broke all records today ☺

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                            [-]
                              ·  7 years ago 

                            read my today article @yousafharoonkhan

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                              [-]
                                ·  7 years ago 

                              upvoted nice information, i also uploaded post about stellar plz sir read my today article also,, and also guide me if you like to guide @yousafharoonkhan

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                                [-]
                                  ·  7 years ago 

                                I say it may even go higher and potentially all the way to Christmas before the selloff.

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                                  [-]
                                    ·  7 years ago 

                                  thanks for sharing such a nice information about bit coin

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                                    [-]
                                      ·  7 years ago 

                                    I guess that the price of bitcoin will rise even higher. Lets see what happens in the next weeks.I am very excited about a new future for everybody. Thank you for sharing :)

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                                      [-]
                                        ·  7 years ago 

                                      U nailed it again! ;)

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                                        [-]
                                          ·  7 years ago (edited)

                                        Keep an eye for possible 50% correction as soon as ETF is launched and Bitcoin shorting is enabled. I think just below 10K is a good exiting point to see how ETFs will influence market.

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