Bitcoin Trend / 08-12-2017
Expected trading for today is between 14400.00 support and 16600.00 resistance
Bitcoin price kept rising strongly and set new high at 16600.00
and the bearish correction started due profit-taking at this level.
The price now around 15000.00 and technical
indicators giving mixed signals.100 SMA is still above 200 SMA so the climb is
more likely to continue than to reverse.Stochastic indicate the sellers are ready to
take over price action.
RSI suggesting bearish pressure that could
keep the correction going.Holding above 14400.00 represents key
condition to continue the bullish wave.Note, Breaking 14400.00 and hold below it,
will stop the bullish wave and will push the
price to extend the bearish correction
towards 12875.00 level.
Expected trading for today:
is between 14400.00 support and 16600.00 resistance.
Expected trend for today:
Bullish.
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imagen you mined some years ago :)
Excellent technical analysis my friend, thanks for telling us about the key pivot point 14400$ for today trading, it's helpful for me understand the market, Stay blessed
What are your views on the price in the next month i feel like we are overdue for a 20- 30 % correction .Am i wrong to think so
Healthy correction is needed..
You are not wrong..
But is so difficult for now to predict for the next month!
True i agree thanks a lot for your insight's bud much appreciated.
Wont it be profitable to convert crypto into some currency with lower market capacity????????? bitcoins are making so mucg progress right now all for what coz it has only 21 million market cap max... if u invest into something into even lower market cap then today or tomorrow u can make way more money...plus bitcoin mining is becomng so expensive now that unfortunately people will lose interest i think investing into btc wont be the best option u hv right nw
You are right
is so late to invest now
Thanks for support
now bitcoin price always high.Starting from a few days ago I do not know how far it can go.
thats a great news one...bitcoin is my best earning site..thanks for sharing😍😍😍
very nice, follow me and I follow you: D
Yes it's through now too late to buy bitcoin.
excellent post about BTC. but today steem dollar is going up.i hope steem dollar breaks the record of BTC in future
That is amazing!!