Bitcoin Trend / 24 - 01 - 2018
Expected trading for today is between 9300.00 support
and 11200.00 resistance
Bitcoin prices have remained stagnant between 10000.00 -11000.00 range.
The 45-percent drop in value let some experts
worried that the bitcoin bubble may have burst for good.
Personally I believe is healthy for the ecosystem.
Bitcoin price now is around 10600.00 / the crash zone/. The trend is bearish supported by negative pressure formed by EMA50, but bounce from here might be on the card.
100 SMA is above 200 SMA so the upside is more likely.
RSI indicate that seller still have the upper hand.
Stochastic indicate that selling pressure is weak and buyers may be taking over.
Note, Breaking 9300.00 level and hold below it will move the price toward 8600.00 level.
Note, Breaching 11200.00 level and hold above it, will cancel the bearish wave and will push the price to resume the bullish trend, as this level is the key to stop the decline.
Expected trading for today:
is between 9300.00 support and 11200.00 resistance.
Expected trend for today:
Bearish.
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here is a summary of my trading so far this year:
"wait for it... wait for it... wait for it... wait for it...
almost ... its coming... wait for it... wait for it... "
Let's get this final dip done already! ;_)
thanks as always for your guiding the blind
Great analytics :)
Excellent technical analysis and i think that bitcoin is still in crash zone and we might see it going down to 9300 mark, thanks for telling us support and resistance levels it really help me in day trading, Stay blessed
I don’t see anything good happening until we get past 13000, 13500 to be safe.
I agree with you
its trading in the green zone and its up 4% now at 11000, but might drop to 10900. things are looking up
Fantastic analysis for crypto carrency...Thanks for your suggation...
Truely, the relative drop in BTC price is a good thing for the ecosystem. Folks can now buy low and hold.
thanks for this update information..
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