Bitcoin Trend Series / EP. 522 / No Blood Bath - Correction Was Over! / Bullish But Swingy
Time: 7.07 A.M. / GM+2 / 10th Mar, 2018 – Sat.
In our previous post / 521 / we had forecast the trading range will be between 8.00K and 9.70K, the intraday high was 9.20K, and the low was 8.34K.
And as our prediction:
The bullish momentum is still present. The reason why I believe the price will visit the 8.50K- 8.00K zone today and will turn up ( strong rejection to the upside).
The price tested 8.34K / close to 61.8% retracement level of 8.2K, and turned up to 9.20K.
Bitcoin price was found 8.34K support close to 61.8% retracement . The trend is bullish, break of 9.420K with additional resistance sitting at 9.675K are expected.
We still believe the inverted head and shoulders pattern ( We did draw the above chart on Feb 21 ), have a big chance to push the price toward 10.7K, 11.7K, 12.8K, 13.7K to hit finally 15K before the end of march.
The correction was over!
Bitcoin is currently trading around 9.25K at time of writing and the trend is bullish for today, conditioned by stability above 8.34K.
Swing Trading is expected between 8.7K and 9.7K.
Support : 8340.00 level (Major).
Resistance : 10150.00 level (Major).
Expected trading for today:
is between 8340.00 support and 10150.00 resistance.
Expected trend for today :
Bullish / Swingy
Medium Term:
Bullish.
Long Term:
Bullish.
The low of 2018:
5947.00 / IHS Bottom.
The high of 2018:
25000.00 level / Expected.
I think we've got it now! And I wasn't nervous because of your analysis.
HODL as always. In a few weeks later people will say: Why didn't I buy below 10k???
Thanks for trust and support..
Have a great weekend..
We are as always on the right way..
For those who did not, the answer is likely because they already bought and had no more cash at hand.
Nice analysis. Price found buyers at $8400, needs to get pass $9350, then $10000 to get to my 1st target of short term target of $10500.
Blood bath in cryptos market frustrated many cryptonians. It's good that Bitcoin is gaining bullish trend. Thanks for sharing your in depth analysis. Hopefully no blood bath this time. Bad time is over. All the best. keep sharing @lordoftruth
Finally seems like all the correction is over and this was the harsh correction ever since the bitcoin
Whatever the outcome of the bitcoin value says... am a Believer
This post has received a 21.34 % upvote from @booster thanks to: @lordoftruth.
Waiting for Btc to go down to $8.3k to buy more ...I wonder how many hours or days to get that low?
This post has received a 9.21 % upvote from @boomerang.
Thats a great analysis dear..I appreciate your analysis...Thanks for sharing...Keep it up...I will wait for your next post..
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