Bitcoin Trend / 25-10-2017

lordoftruth (71)in #bitcoin • 9 years ago (edited)

Expected trading for today is between 5300.00 support and 5800.00 resistance

The bearish correction was stopped and 5422.00 level
was tested as expected.

So What Next!

bitcoin price has been on the decline as rival version bitcoin gold
is going live.
A bounce from 5500.00 could lead to a test 5935.00 level.
Stochastic & RSI is already indicating that bitcoin might be ready
to pull up.
100 SMA is above the longer-term 200 SMA and this support the
bullish wave.
Breaching 5935.00 barrier and hold above it, will push the price
again to 6200.00.
Breaking 5422.00 and hold below it, will stop the suggested rise.

Expected trading
for today is between 5300.00 support and 5800.00 resistance.
Expected trend for today: Bullish.

Source

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9 years ago in #bitcoin by lordoftruth (71)

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freiheit50 (70) 9 years ago

Yes, it's soaring again! Since some weeks I'm convinced that bitcoin is the best store of value the world has ever seen. The altcoin rallye is gone.

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machv (59) 9 years ago

Thank you for analysis regarding the trend for BTC. Much appreciated.

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1 vote

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robert31 (54) 9 years ago

Nice analysis buddy and hope it will get an uptrend & reach higher destinations.

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mithuj (49) 9 years ago

good information .thanks for searing.

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minnowpond (62) 9 years ago

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