Bitcoin Trend / 19-10-2017

lordoftruth (71)in #bitcoin • 7 years ago

Expected trading for today is between 5410.00 support and 6200.00 resistance

I wrote in the last update
"Bitcoin fell slightly but continue to find
dips to build up enough momentum to rally.."

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

As expected, Bitcoin bounced upwards strongly after
approaching from 5000.00 !

So What Next!

The decline has been expected because after any bull market, there are a correction and the correction was done, this sort of correction is good for bitcoin.

Stochastic and RSI indicate the continuation of bullish momentum.
100 SMA is above 200 SMA and this support the bullish wave.
Additional volatility is still expected for today.
Breaching 5820.00 barrier and hold above it, will push the price to the next target at 6200.00.
Breaking 5410.00 and hold below it, will cancel the expected rise.

Expected trading
for today is between 5410.00 support and 6200.00 resistance.
Expected trend for today: Bullish.

Source

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7 years ago in #bitcoin by lordoftruth (71)

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theguruasia (67) 7 years ago

@lordoftruth,
"Breaking 5410.00 and hold below it, will cancel the expected rise."
Actually I am awaiting to this moment! Sometimes I never see BTC at 4800 range again! But I will keep patient few more days! Great analysis friend!

Cheers~

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adnanmajeed (53) 7 years ago

Thanks for sharing

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stmit (55) 7 years ago

Great update for bitcoin info and good analyses .
thanks for sharing
100% like and resteem

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bukharisulaiman (56) 7 years ago

@lordoftruth, likely to rise again market.

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minnowpond (62) 7 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.

        To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo
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mintu13 (52) 7 years ago

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goldcoin (66) 7 years ago

Thanks for the update of btc news.

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sizuka (53) 7 years ago

Another nice post.. thanks

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rufans (68) 7 years ago

@lordoftruth

Expected trading for today is between 5410.00 support and 6200.00 resistance

@rufans
So you mean , it's possible it reaches $6,000 today ?

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steemwija (58) 7 years ago

@lordoftruth - Sir, yesterday I was little upset... but now i'm okay with current price up... <3 You provided a valuable analysis Sir.... Therefore, I wish to ReSteem your post.

+W+ [UpVoted & ReSteemed]

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Bitcoin Trend / 19-10-2017

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