Bitcoin Trend / Natural Rollback To 10K
The great things about bitcoin and cryptocurrencies, that they are decentralized. That means you have more control over the asset, but also more responsibility. If you understand what behind the market waves and how The Manipulators, do thier jobs to create the new high and the new bottom, you will be fine.
As I wrote in my last post, The Manipulators have done their job and pushed the price above the key level of 10.7k, and for now will take rest. Thats mean the price of bitcoin will move naturally in the coming weeks
( At least, till the new cycle on April 2018 ).
Expected trading for today is between 9000.00 support and 11500.00 resistance
- Right now I believe, bitcoin will go below the key level of 10.7k ( Natural Rollback ), to re-test the psychologically 10000.00 level, and will move
( Natural Progress) from this level to 11500.00 followed by 12800.00 level.
Bitcoin price now is around 11000.00 level. The trend for today is bullish, affected by a H&S bottom at 6k and inverse head & shoulders on 5H.
Breaking 10700.00 level and hold below it, will push the price to re-test 10000.00 level, before the new rise.
Holding above 10700.00 level, will push the price to 11500.00 level, followed by 12800.00 level.
Expected trading for today:
is between 9000.00 support and 11500.00 resistance.
Expected trend for today :
Bullish.
Medium Term:
Bullish.
Long Term:
Bullish.
The low of 2018:
5947.00 / H&S bottom.
The high of 2018:
25000.00 level.
Have A Great Sunday..
You really think its going back to 10k eh? I sold at 1110 just bought some back at 10400. maybe ill set another buy at 10k ;)
Excellent analysis friend and thanks for telling us nice support and resistance level's for today's trading, Stay blessed
bitcoin is a great coin.Very nice and all the best post.I am waiting your next post sir.
I think this time bitcoin some things demotion .
But some time after increase bitcoin .
Thanks for sharing news feed of bitcoin .
Carry on dear...
Thanks for share information about BTC. Wish you avery happy and bright future.
great post.
Upvote and resteem.
great informative post. thanks for your helpful post.
bitcoin is a one kind of money whish use it only for online
day by day it is very populer for
thanks for sharing
Moving up and down this is ok lets see where it will head towards thanks for sharing the trend patterns
What are your views on sbd is it the right time to sell or hold because I wanted to buy some cardano ........ Nicely explained everything and each cases of btc it will surely help me as an investor ...keep it up @lordoftruth