Bitcoin Trend / Weekend Update

in #bitcoin • 9 years ago

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 Expected trading for the weekend is between 5422.00  support and 6300.00 resistance  


Bitcoin price remains is placed well above 5422.00 level and formed
solid support / 23.6% Fibonacci Correction.

So What Next!

Bitcoin.png

  • Bitcoin price might break 5935.00 level soon for more upside move.

  • The downside move below 5422.00 during the weekend seems to be limited.

  • Breaching 5935.00 level and hold above it, confirm extending the bullish wave towards 6300.00.

  • Breaking 5422.00 and hold below it, will cancel the bullish trend and will push the price to test 4950.00 level before any new attempt to rise.

Expected trading
for the weekend is between 5422.00 support and 6300.00 resistance.
Expected trend for the 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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#blog #cryptocurrency #money #trending
9 years ago in #bitcoin by
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    • [-]
     9 years ago 

    my long term resistance line is around 6250$ so I agree with you for target 6300$
    Strong 50% Fib support line since 2-3 days around 5750$
    Thank you for your good info =)

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    [-]
     9 years ago 

    6250.00
    You are right
    But also 6330.00 can be tested
    Thanks for support

    [-]
     9 years ago 

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      [-]
       9 years ago 

      good information. success is always a friend.

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        [-]
         9 years ago 

        this is interesting and this information is also helpful

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          [-]
           9 years ago 

          thank you @lordoftruth for the update.
          as a beginner this is so useful for me

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            [-]
             9 years ago 

            @minnowpond1 has voted on behalf of @minnowpond.
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              [-]
               9 years ago 

              Another nice post.. thanks

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                [-]
                 9 years ago 

                Nice analysis and hope that it will follow the uptrend soon enough :)

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                  [-]
                   9 years ago 

                  thanks for the analysis :)

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