Bitcoin Trend /12-10-2017/ Midday Update

in #bitcoin • 7 years ago (edited)

Bitcoin rallied sharply to breach 4980.00 and settles above it..
Technical indicators suggest a continuation to next target at 5500.00..
So What Next..

ppppppppppppp.jpeg
 Expected trading for the rest of day is between 4760.00  support and 5500.00 resistance.  

  • Stochastic shows clear positive signals and support the bullish wave..

  • 100 SMA is above 200 SMA so the uptrend is more likely to continue than to reverse..

  • EMA50 support the bullish trend..

  • Breaking 4760.00 and hold below it will move the price to $4600.00
    (38.2% FIB ) before any other attempt to raise..

  • Holding above 4535.00 support the continuation of the bullish wave towards 5500.00, but breaking and hold below it will cancel the expected raise..

Expected trading
for the rest day is between 4760.00 support and 5500.00 resistance..
Expected trend for the rest of day: Bullish..

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#blog #cryptocurrency #money #trending
7 years ago in #bitcoin by
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    • [-]
     7 years ago 

    @lordoftruth,
    BTC at $5500! Yeah it can be there! Great analysis friend!

    Cheers~

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    [-]
     7 years ago (edited)

    I drew the below diagram 6 months ago ..
    This was my expected target ( 5500.00) 6 months before..
    I think everyone understand now why I put it on all my posts of Bitcoin Trend..
    Now we are so close to it..

    The problem now , What next !!
    My point of view soon around 5500.00 level, profit-taking will be in the cards soon..

    [-]
     7 years ago 

    @lordoftruth,
    Wow you are amazing! It passed that level :D

    Cheers~

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      [-]
       7 years ago 

      wonderful

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      [-]
       7 years ago 

      amazing right! and price now, wooow

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      [-]
       7 years ago 

      It's rising, slowly but surely.
      There might be a correction soon, but it will resume the upward trending soon afterwards :)

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      [-]
       7 years ago 

      everything looks positive now :D

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      [-]
       7 years ago 

      That is a real push to prove Bitcoin as the biggest whale amongst dolphins and minnows. Go on bitcoin, go.

      [-]
       7 years ago 

      Another good day for trading.

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        [-]
         7 years ago 

        Bitcoin is going off the roof ;)

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          [-]
           7 years ago 

          wow fantastic technical analysis my friend, btc is looking so strong and if the total no. of users continue to grow, i am sure we will see 8K btc soon. thanks for sharing

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            [-]
             7 years ago 

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