Bitcoin Trend / 14-09-2017
Expected trading for today is between 3405.00 support and 4000.00 resistance.
Sometimes you can find past data on a market and use it to project into the future.
Using past data as a guideline for the future is one of the fundamentals of forecasting.
Based on past data, China will crack down on things only temporarily as in the past.
Bitcoin and cryptocurrency is a huge opportunity for China and they will recognize this.
I think the bottom will be found here or around 3405.00 and bitcoin will go back to main bullish trend.
Bitcoin tested the support 3776.00 as expected and fluctuates there..
Correctional bearish scenario is still active on the short term trying to push the price towards 3405.00..
Correctional bearish scenario is supported by the negative pressure formed by the EMA50..
Breaching the resistance 3776.00 , will push bitcoin back to
the main bullish trend..
Expected trading
for today is between 3405.00 support and 4000.00 resistance.
Expected trend for today: Bearish
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bad luck for bitcoin
In my opinion bitcoin will going down to $3000 and fire up, this will be 5th Eliot waves, according to: http://www.investopedia.com/articles/technical/111401.asp
It is time to buy more and more bitcoins. Although the trend is bearish in short term but in long term it is always bullish.
Buy in the dips, and this is a dip, buy a little at a time all the way down and when it starts going up, buy in until the next dip and take your profits and rinse ,repeat!
No telling how long this will go on but times are changing and currency with it, what's in your wallet!?!?!?!
I like your crypto posts and their accuracy :) really helpful
At the current state I cannit really see weather its going up or down. I could still go down for a bit. Thanks. J
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Thankyou for sharing @lordoftruth . . I like your post and follow next 👍👍👍
I think BTC for the long term will go back up to the price it was before or even more higher , so maybe this is a good opportunity to buy more coins .
Congratulations @lordoftruth
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