Bitcoin Trend / 27-10-2017
Expected trading for today is between 5700.00 support and 6300.00 resistance
Bitcoin price as expected is on the bullish track
after completing the bearish correction.
Bitcoin price keeps rising after consolidating above 5422.00 level and formed solid support at 5422.00 / 23.6% Fibonacci Correction.
EMA50 reinforce the chance of continuing the bullish wave.
Stochastic is heading north so bulls could still have a chance.
Breaching 5935.00 level and hold above it, confirm extending the bullish wave towards 6300.00.
Breaking 5422.00 and hold below it, will cancel the bullish trend.
Expected trading
for today is between 5700.00 support and 6300.00 resistance.
Expected trend for today: Bullish.
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I'm bullish too, although the upper trend line is a resistance for the next days. Too many people were expecting a major correction after the bitcoin gold fork. Now they are looking at the higher levels with tears in their eyes.
Technical indicators suggest that the rally could stall. If so, a head and shoulders pattern could form.
OMG. I dont hope so. I dont like head-and-shoulder patterns, if I'm invested :-)
I do not like it also.. let us wait..
By monday the thing will be more clear..
I think BTC is going to take a hit. Because well, BTC has sky-risen in the recent year. So their needs to be some sort of correction.
Thanks for the analysis
good info @lordoftruth, good analysis, definitely following your posts. SteemIt got me started into the world of cyber currency and that led to buying bitcoin as well as building up some steem.
Informative post thanks for sharing..
saw a spike yesterday night. dont know when it will last
Holding value is a key factor ...Thanks for sharing
@lordoftruth,
Actually it's amazing! BTC is the only coin which can keep continuous up trend! No other currency can have that ability for a long run! Yeah I smell Bullish again!
Cheers~
Great btc news. Thanks for sharing.
Upvote Resttem
@lordoftruth - Sir is that BTC Gold fork happened? I didn't hear any news about it Sir :( Nice analysis & thank you Sir... To get more audience, I wish to ReSteem your post.
+W+ [UpVoted & ReSteemed]