Bitcoin Trend / 16-11-2017

in #bitcoin • 9 years ago

bitcoin-1.jpg
 Expected trading for today is between 7000.00  support and 7600.00 resistance  

Bitcoin keeps rising and price swing higher.
The trend is Bullish but tech indicators suggest a drop.
So there are still signs that bears could win out.

So What Next!

16.jpeg

  • Bitcoin price shows more rise after surpassing 7000.00 / 38.2% Fib extension, as excpected and hold above it.

  • Bitcoin price is still struggling to recover from its selloff since the suspension of the network upgrade earlier this month.

  • Breaching 7590.00 level will move the price towards 8000.00.

  • Holding above 6500.00 represents key condition to continue the expected rise.

  • 100 SMA is below 200 SMA so the price is more likely to reverse than to continue the rally.

  • Stochastic show that the bears remain on top of their game.

  • RSI indicate that the bear in the cards.

Expected trading for today:
is between 7000.00 support and 7600.00 resistance.

Expected trend for today:
Bullish.

Source

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

    Thanks man, I really appreciate your posts, you are right most of the time and realistic about what is happening!

    [-]
     9 years ago 

    Well its means hair we have to be cautious about the moment thanks for your post to tell us about the technicals chart

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    [-]
     9 years ago 

    Yes, you are right..
    Thanks for support..

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      [-]
       9 years ago 

      Welcome sir @lordoftruth well I see your your profile and Really doing great sir I know know what to do here on steemit to grow can you give me some tips that may help to improve my blog . Sir I like to be like you . I want to grow plz guide me .

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        [-]
         9 years ago 

        For usd-btc traders your information is so much useful... i want bitcoin will be stable for 1-2 weeks and alts will get enough time to recover!

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        [-]
         9 years ago 

        thanks for sharing @lordoftruth
        upvoted

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        [-]
         9 years ago 

        Congratulations @lordoftruth! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

        You published 4 posts in one day

        Click on any badge to view your own Board of Honor on SteemitBoard.
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        [-]
         9 years ago 

        soon to be bearish?

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          [-]
           9 years ago 

          Thanks for the information sir.

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            [-]
             9 years ago 

            @mrainp420 has voted on behalf of @minnowpond.
            If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

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              [-]
               9 years ago 

              wow nice pic..
              bcak me vote

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