Bitcoin Trend 18-10-2017 / Midday Update

in #bitcoin7 years ago


Bitcoin fell slightly today and continue to find
dips to build up enough momentum to rally..
So What Next!

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 Expected trading for the rest of day is between 5200.00  support and 5800.00 resistance.  
  • Bitcoin price broke 5410.00 level and settles below it.

  • The bearish correction towards 5000.00 is expected before any new attempt to rise again.

  • The Bearish wave valid unless we see clear breach and hold above 5410.00.

  • Stochastic suggest that selling pressure is in play.

  • Price has dropped below the 100 SMA as an early signal of bearish pressure..

  • Breaching 5410.00 barrier and hold above it, will push the price to resume its main bullish trend again.

Screenshot - 10_18_2017 , 2_08_12 PM.png

Expected trading
for the rest day is between 5200.00 support and 5800.00 resistance.
Expected trend for the rest of day: Bearish.

YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.

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Thanks for the update....

Very useful & important info about bitcoin market.
thanks my friend @lordoftruth

Ta! It is nice to follow you.follow up :)

@lordoftruth ,ım smiles , Becausee I'm following you !

@lordoftruth,
Wow friend, I am awaiting to this price drop and hope to wait til it hit 4800 to enter the market! Great analysis!

Cheers~

thanks @lordoftruth for the update

Quick and concise analysis with all thats needed..Thank you

Thanks for your update Btc news.

Thanks for sharing .
100% like and resteem

@lordoftruth - Sir BTC looks dropping :'( nice analysis Sir..... Therefore, I wish to ReSteem your post.

+W+ [UpVoted & ReSteemed]

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