Bitcoin Trend / No. 511 / Bullish Mode By 2 Patterns

Time: 1.10 P.M. / GM+2 / 27th Feb, 2018 – Tues.

If you check the weekly chart you will see the below rare pattern.
The market is working on "Bullish VOB".

To conclude:
The above pattern on the weeky chart and the below reverse H&S pattern on the daily chart, confirm the climb, toward 15K.

What about the rest of day !

Bitcoin is currently trading around 10.66K at time of writing and the trend for the rest of day is bullish, supported by:

• SMA.
• Stochastic.
• RSI.

Note; What really boosted bitcoin price was the news that cross-border currency exchange company circle acquired Poloniex.

Support : 9500.00 level (Major).
Resistance : 11000.00 level (Major).

Expected trading for the rest of day:
is between 9500.00 support and 11000.00 resistance.

Expected trend for the rest of day :
Bullish.

Medium Term:
Bullish.

Long Term:
Bullish.

The low of 2018:
5947.00 / IHS Bottom.

The high of 2018:
25000.00 level / Expected.

Thanks For Reading..

YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.

What You Know About --> Fibonacci Retracement in Trending Market.