Bitcoin Trend / Midday Update

in #bitcoin7 years ago (edited)

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 Expected trading for the rest of day is between 9700.00  support and 12000.00 resistance  

From the buy zone ( 9700.00 - 10150.00), the natural progress start to push the price toward 11150.00 ( 100 DMA ) followed by 12600.00 ( 50 DMA ) supported by :

  • EMA50 and stochastic positivity
  • 4-hours MACD
  • 4-hours RSI

Expected trading for the rest of day:
is between 9700.00 support and 12000.00 resistance.

Expected trend for today :
Bullish.

Medium Term:
Bullish.

Long Term:
Bullish.

The low of 2018:
5947.00 / H&S bottom.

The high of 2018:
25000.00 level.

Thanks For Reading..

YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.

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

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It touched 11K the other day as well and I was happy thinking it would rise more but it sort of fell and now maintains around 10-11K

Thank you for this information dear friend)

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good informations @lordoftruth
thank you for sharing

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How long do you think the bullish trend will last?

Very very interesting sir

@upvoted DQmXPLJCbmYH1TMRMFZvdVjjw443kXL5Vc3zyi6t4j3ksfm_1680x8400.jpg

Hat's off to you...damm true predictions hahaa you nailed it :D

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Fact
Nice info
Good