As expected, Bitcoin faced some bearish correction after the strong
bullish rally and now fluctuate above 5575.00 level
So What Next..
Expected trading for the rest of day is between 5500.00 support and 6000.00 resistance.
Stochastic shows clear positive signals and support the bullish wave.
100 SMA is above 200 SMA so the uptrend is more likely to continue than to reverse.
EMA50 support the bullish trend.
Breaching 5800.00 barrier and hold above it, will push the price towards 6200.00.
Breaking 5575.00 and hold below it, will push bitcoin to start bearish correction to test 5140.00 before any other attempt to rise again.
Expected trading
for the rest day is between 5500.00 support and 6000.00 resistance.
Expected trend for the rest of day: Bullish.
Pic Source
The SegWit2x hard fork could play a vital role in the short-term trend of the Bitcoin price. As of current, the demand for Bitcoin from supporters of both the original Bitcoin blockchain and SegWit2x is driving the price of Bitcoin upwards. Investors and traders who believe that the SegWit2x hard fork in November would still result in the original Bitcoin blockchain or legacy chain remaining as the majority chain would invest in Bitcoin to assert their confidence in the short-term trend of Bitcoin.
What You Know About --> Fibonacci Retracement in Trending Market.
If You Are New Steemain Read --> Get Started Fast with Steemit.
If You are New in Forex --> Read Forex Education Center / Volume I.
If You Feel Invisible on Steemit --> Come and hang with us.
What You Know About --> Syrian Civil War.
Thank you @lordoftruth for the important information! I resteemed!
Thanks for support and resteem
#bitcoinallthewayup 🙌
bitcoin is going to $6000.
Very important information @lordoftruth
Upvote/ Resteem
amigo #resteemia at your service
well analysis the market. impressive work @lordoftruth
ReSteemia
'UpVoted ReSteemed Commented'
Very good post my friend
•°•♡ⓣⓗⓐⓝⓚⓢ♡ •°• for sharing @lordoftruth
people are stockpiling Bitcoins in antocipation of the Bitcoin gold fork, once that takes place they will move their money back to alt coins.
Thanks for the update btc news ,bct up to 5575
appears more bitcoin.
Thanks for sharing
100% like and resteem
Hey @lordoftruth
Nicely done...execellent explain about btc...
Cheers~~~
We wish bitcoin price will be 6000k.
Great news updating @lordoftruth
@lordoftruth - Sir, it's very useful news for me.... Your expert knowledge helps me to understand the market trends Sir.... Therefore, I wish to ReSteem your post.
+W+ [UpVoted & ReSteemed]
@lordoftruth,
You explained it well! Thanks dude! I am looking for a price drop to enter the market again!
Cheers~
Beautiful all picuters shearing hank you halp
Good thanks
Good analsys . I love your all posr. Excellent!
@mrainp420 has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.
To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memo@reported has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.
To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memoBest and most accurate information I've seen provided yet. Resteemed!
thanks for the important information @lordoftruth.
Great post, again,! Thank you for what you're doing. Upvoted @ 100% my friend. Keep up the good work.go ahead.we are with you all time.best of luck
its trading right there you are really awesome with your predictions :)
Now bitcoin will show its power and people will realize it. China is gonna regret very soon about it.
Your understanding is great for Bitcoin. I think so too, bitcoin will increase at a great price, as evidenced by the current prices.
The upcoming HF is providing a lot of suspense, but obviously no fear. Although it is rather unclear what will happen. That's really weird. I can hardy believe it.
So I'm following my mantra-like advice: HODL :-)