Bitcoin Trend / 10-10-2017

in #bitcoin7 years ago

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 Expected trading for today is between 4600.00  support and 5100.00 resistance  

As expected bitcoin price rallied upwards and the price now is
within small distance of 4980.00.

Pullback is expected as traders may book profits around 4980.00 - 5385.00
before pushing to new records.

So What Next..

10.jpeg

  • EMA50 supports the chances of extending the bullish wave.

  • The 100 SMA is above 200 SMA so the uptrend is more likely.

  • Breaching 4980.00 level and holding above it, will push the price towards 5385.00.

  • Based on technical indicators, the buyers might need to take a break around 4980.00 - 5385.00 because Stochastic and RSI indicating bearish pressure could return.

  • Breaking 4236.00 and hold below it will stop the bullish trend.

Expected trading
for today is between 4600.00 support and 5100.00 resistance.
Expected trend for today: Bullish.

Source


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awesome news @lordoftruth
really you (sir) not only make my day and even make the day of these people who have bitcoins as a currency.
love your work and you cover very beautiful.
Please keep posting
:)
upvoted and resteem

Thanks for support and resteem

Anytime buddy
I read your post and most of them really worthful
I will help u for better exposure through resteem

@lordoftruth,
As you predicted 5000 again! Great analysis friend! That's awesome!

Cheers~

Thanks for continue support
Becareful ..
Pullback is expected as traders may book profits around 4980.00 - 5385.00

Great graphic chart. good news for btc.
100% like and resteem

Thanks for resteem

Bitcoin Gold fork is helping fuel the current uptrend IMO. Coin for Coin for owners of bitcoin allows for an instant bonus of coins that MIGHT be worth something. So much of this is speculation why not take a stab at some free coins.

Will be interesting to see how much money flows out of Bitcoin and back into other coins/alt coins once the fork is done.

Pullback is expected as traders may book profits around 4980.00 - 5385.00 before the hard fork..
Thanks for support..

I would agree there will be some booking of profits, that is only the smart thing to do. Picked up a bunch on the dip at around $3450 average and looking to lock in 50% gain somewhere around $5200. This was a short term play to cover some upcoming expenses, but if the date is close to the fork I'd hold until after and roll the dice to see what that brings to get the extra BitGold.

Wow bitcoin is doing great.

For increasing your exposure of post
you need to reply and upvote these comments
will be helpful more exposure and take this post into the hot and trending

nice post !great to see news about these.
resteem + upvoted :)

looks like new ATH is coming and it will go down after the fork

very good updates

Thanks for the update btc analysis and news.

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