Bitcoin Trend / No. 504 / Dying Star
Time: 8.10 A.M. / GM+2 / 23rd Feb, 2018 – Fri.
Bitcoin is currently trading around 9.8K at time of writing and the trend for today is slighty bearish. But a pullback to 10.25K level could happen before the selling pressure lead the price to 8.7-9.2K!
A dying star flashes real bright now, to confirm the bear action, but based on the head and shoulders pattern on 4-hour chart, that was formed on the last 24 hour / February 21, I believe bitcoin price will hit 9.2K on Feb 24-27, and the natural rollback to 8.7- 9.2K, will be followed by upward move to hit 14.5-15K.
Expected trading for today:
is between 8700.00 support and 10700.00 resistance.
Expected trend for today :
Slighty Bearish.
Medium Term:
Bullish.
Long Term:
Bullish.
The low of 2018:
5947.00 / IHS Bottom.
The high of 2018:
25000.00 level / Expected.
Looks like a reverse head and shoulder pattern forming. Hopefully it turns bullish and we have a great March.
Thanks for informing us great work for the community I appereciate it that you always inform with latest updates keep it up
Thanks @lordoftruth for the update, I was waiting for 3 hours, keep refreshing your Blog to see if there is any update.
also good information.
like your lovely job.
thanks for sharing!
This great information I appreciate your post thanks for sharing thiscrytocurrency news best of luck my dear friends..
It’s a roller coaster ride for sure. Whole market has fallen this week, gives people more chance to buy low. One of the best memes I’ve seen recently:
it's great to share...
thank u.very much sir..
bitcoin is one of the biggest opportunities since the invention of the internet itself.... great times to be around....
An optimistic analysis that I share with you @lordoftruth
Great to know the bitcoin trend was waiting for it but seems like it is at the bearish trend right now