Bitcoin Trend 17-10-2017 / Midday Update
Bitcoin fluctuates sideways near the bullish channel's resistance
finding difficulty to breach 5800.00
So What Next!
Expected trading for the rest of day is between 5410.00 support and 6000.00 resistance.
The bullish wave still valid unless we see clear break and hold below 5410.00.
Stochastic suggest that selling pressure is in play.
100 SMA is above 200 SMA so the uptrend is more likely to continue than to reverse.
RSI is treading sideways.
Breaching 5800.00 barrier and hold above it, will push the price towards 6200.00.
Breaking 5410.00 and hold below it, will push bitcoin to start bearish correction to test 5000.00 before any other attempt to rise.
Expected trading
for the rest day is between 5410.00 support and 6000.00 resistance.
Expected trend for the rest of day: Bullish.
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Great post. Many alt coins had good days today. Clearly the slow down is boring the day traders. Any sign of break out and they will be back to pump hard.
realy curious how it will be by next week :)
Thanks for the update btc holding good
Bitcoin was clear break and hold below 5410.00.
Great work @lordoftruth
Upvote
Thanks for sharing .
100% like and resteem
thanks @lordoftruth analysis..
Cheers!
Thanks for midday update of bitcoin trend @lordoftruth
Upvote/ Resteem
@lordoftruth,
I think now I hate to hear BULLISH :D I want to collect few BTC before it rise up! But no way yet! Great analysis friend!
Cheers~
Great Update!
Resteemed your post to make more customers.
@lordoftruth - Sir, your analysis are awesome... I can't believe how can you predict it well.... Thank you Sir.... this post help me to get a clear idea about what's next... Therefore, I wish to ReSteem your post.
+W+ [UpVoted & ReSteemed]