Bitcoin Trend / 06-11-2017 Midday Update / A Picture is Better Than One Thousand Words

in #bitcoin7 years ago

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 Expected trading for the rest of day is between 6840.00  support and 7400.00 resistance  

The correctional bearish trend try to push the price towards 6500.00

A Picture is Better Than One Thousand Words
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  • The bearish correction towards 6500.00 level still valid / 23.6% Fibonacci Correction (from 3000.00 to 7590.00).

  • Stochastic signals the return in bearish pressure.

  • RSI is turning lower and ready to move south.

  • Note, breaching 7590.00 level and hold above it, will cancel the bearish correction.

Expected trading for the rest of day:
is between 6840.00 support and 7400.00 resistance.

Expected trend for the rest of day:
Bearish.

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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Great news of bitcoin. Thanks for sharing.
Upvote Resttem

Great analyses and valid graphic summary. good information.
(((((( Resteem Service))))

Thanks for the update of btc article. great information

Great update for bitcoin info and good analyses .
thanks for sharing
100% like and resteem

That's pretty cool to know, thanks.

@lordoftruth My prediction it will hit maybe $7500 before it comes down to a respectable $6000 to $6500 but cryptocurrency is so unpredictable nothing will stop this coin from going to $10000. Wont it be great if it did that i can imagine all the smiles all around.

Excellent post thanks for sharing

Great analysis and article. I hope to see the price reach the 8000$ spychological barrier!

nice one...

Wow Great news of bitcoin.....

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