Bitcoin Trend / 16 - 01 - 2018
Expected trading for today is between 12400.00 support
and 14400.00 resistance
Bitcoin price went up back on Monday and rallied,
but now the price is back to test 13100.00 level.
Bitcoin price now is around 13100.00 and still under negative pressure supported by EMA50. Breaking below this level and hold below it will move the price to 12400.00 level, but holding above it will lead again to a bonus and consolidation towards 14400.00 level.
100 SMA is below 200 SMA so the downside is more likely to continue than to reverse.
RSI indicate that sellers have the upper hand.
Stochastic is turning down to reflect bearish pressure.
South Korea’s plans are leading investors to liquidate their long positions.
Note, Breaching 14400.00 level and hold above it, will cancel the bearish wave and will push the price to resume the main bullish trend.
Expected trading for today:
is between 12400.00 support and 14400.00 resistance.
Expected trend for today:
Bearish.
What You Know About --> Fibonacci Retracement in Trending Market.
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What You Know About --> Syrian Civil War.
Since the run that started in April, bitcoin has been going through significant pull back every 2 months. The drop from $19890 to $11000 was only 1 month mid-Nov drop. So we might finish the 2 month period soon and start a new climb. What is your opinion on this?
I hope this.. but for now let us see what will happen in South Korea and if the 12400.00 level / the start of fear zone/ will hold !!! or the 10700.00 / The start of crach zone will hold !!!
We are already in the fear zone, but I'm not afraid.
Yes, we are in the fear zone now..
I am not afraid also..
I believe that the 10700.00 / The start of crach zone will hold and the market will find buyers around 10700.00 - 11100.00 range.
It’s broke 12 now. I wonder how much bearing that has on Steem being in the toilet now.
I think the 4.20 $ level ( steem) will hold..
the rally would have continue upwards but the news from south Korea changed everything and all the market is red right now, hope things rebound soon
Makes no sense.
thats for you.. it makes sense for me...
Thanks a lot for sharing and discuss
About Bitcoin.
I think this time bitcoin some things demotion .
But some time after increase bitcoin .
Thanks for sharing news feed of bitcoin
Informative post.Thanks a lot for sharing it
@lordoftruth Wow Jerry that was a lot of work, thank you!
I will check them out when I get home this evening and can sit down and read
keep sharing . more power!
Thank you for your everyday analysis about bitcon price, I wish you a great day dear friend)