Bitcoin Trend Series / EP. 765 / 11 Feb. 2019

Recapitulation

• Following the positive volatility the markets experienced on Friday, Bitcoin price has been able to find stability in 3.6K region, signaling that bulls are not ready to surrender the cryptocurrency’s recent price gains. The reason why we believe that Bitcoin price will fall toward 3.5K and most likely will continue his decline to 3.106K.

Technical

• The trend is bearish, noting that surpassing 3.5K will confirm the continuation of the bearish wave towards 3.106K.
• Breaching 3.65K will stop the expected bearish move.

Sentiment

The short term trend is Bearish

Support : 3106.000 level.
Resistance :3650.000 level.

Expected trading for today:
is between 3106.00 and 3650.00.

Expected trend for today :
Bearish.

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