Bitcoin Trend / 13-12-2017
Expected trading for today is between 15200.00 support and 17000.00 resistance
The bearish correction started after testing 17400.00 level.
The price now around 16700.00 and technical indicators indicators giving mixed signals.
100 SMA is still above 200 SMA so the climb is more likely to continue than to reverse.
Stochastic indicate that selling pressure is in play.
RSI reflect profit-taking among buyers.
Note, Breaching 17000.00 and hold above it will stop the bearish wave to resume the main bullish trend.
Bitcoin price enjoy strong support from rising investor interest on the heels of the CBOE futures launch. So the pullback might atract the buyers to draw more bullish momentum in.
Expected trading for today:
is between 15200.00 support and 17000.00 resistance.
Expected trend for today:
Bearish.
What You Know About --> Fibonacci Retracement in Trending Market.
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you are my rock! these posts really help ground my daily panics ;-)
and thank you for the beautiful upvote today!
Your are welcome
Thanks also for continued support to my work.
Note , the price must break 16380.00 / 23.6% Fibonacci correction,
to confirm the bearish wave towards 15700.00 followed by 15200.00!
If 23.6 % Fib level hold as a floor, bitcoin could resume its climb!
NOTED! just what i needed to keep in mind..
@lordoftruth realy rocks! @lordoftruth I also analyse BTC/USD price and For a high degree deduce similar conclusions. More can be read here.
And one more last minute development. Price start falling through Ichimoku cloud. Hope it'll not crush to the ground. Picture tells more:
Fibonacci retracement levels are set from last height to the Nov-11 significant low.
Good informatio, keep up the good work.
Thank you for important information @lordoftruth.
Good information @lordoftrut.
Bitcoin is one of the most discussed topics in the world. Currently, there is a point of change in destiny. Bitcoin is a beautiful post.
Thanks for the update of bitcoin article & great information.
High value of btc15,455 $
Thanks @lordoftruth
Have a great day
There is a significant increase. A very good estimate. Thanks for information @lordoftruth.
@lordoftruth payed 2.701 SBD to @minnowbooster to buy a stealth upvote.
transaction-id bf62c91fbbc775311149f34c3e84ef1753f7deb4
@stealthgoat
great analysis and very informative information.thanks for sharing.
upvoted and resteem
hey friend @lordoftruth
Very informative post. I have a lot to learn on trading.thanks for sharing.