Bitcoin Trend / 11 - 01 - 2018

in #bitcoin7 years ago

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 Expected trading for today is between 11200.00  support and 14200.00 resistance  


Bitcoin price under negative pressure trying to break 13100.00 level,
and technical indicators, are signaling bearish pressure.


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A Picture is Better Than One Thousand Words

So What Next!

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  • Bitcoin price now is around 13300.00 and still under negative pressure supported by EMA50.

  • Breaking 13100.00 level and hold below it, will move the price probably towards 11100.00 level. If this happened, I believe the buyers will return and push the price from 10700.00 - 11000.00 level ( significant support ) to the upside.

  • 100 SMA is below 200 SMA so the bearish wave is more likely to continue than to reverse.

  • RSI indicate selloff momentum.

  • Stochastic indicate selling pressure.

  • Note, Breaching 14400.00 level and hold above it, will cancel the bearish wave and will push the price to resume the main bullish trend again.

Expected trading for today:
is between 11200.00 support and 14200.00 resistance.

Expected trend for today:
Bearish.

Source

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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Sort:  

when will it reach one million USD

@lordoftruth. I am just hoping that your prediction is right because I am in a great loss due to this fluctuations

Your posts are really amazing, but there is plenty of bitcoin in your

@lordoftruth Such a great article & nice photography
##Upvote/Resteem###

great work ..helpful information thank you

Wish fulfil your expected trade today. Thanks for sharing

Wow....such a wonderful and useful btc technical analyse by @lordoftruth
Wel done and execellent wirk sir ..
Cheers~~

agree with you that images is better to understand than a bunch of words :)

Thank you for the education. I don't have any bitcoin but I want it to succeed.

Good news thank you for sharing information

Great analysis

Oh it's still fluctuating.

Good post, I like your bitcoin analysis and optimism...

This post has received a 3.87 % upvote from @booster thanks to: @lordoftruth.

this could be the heavy downfall ever

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a worse day for trading feeling bored

lets hope for a bullish trend soon

slowly moving up thanks for the trend range and update