Bitcoin Trend Series / EP. 536 / Steady Your Ship & Ride The Waves Out
Time: 8.14 A.M. / GM+2 / 20th Mar, 2018 – Tues.
In our previous post / 535 / we had forecast the trading range will be between 7.50K and 9.40K, the intraday high was 8.71K, and the low was 8.08K.
Bitcoin price is recovering strongly after a weekend meltdown, as expected. With bitcoin is back above 8k in early trading on monday, we still waitting the second jumb toward 9.4K as we wrote in our last update:
"I believe the bullish wave will push the price toward 9.4K ( The second jumb ) as this jumb will come in waves to lead the price to 10.15K and 11.70K."
Bitcoin price retests 8.7K and keeps its stability below it, due the negative pressure formed by EMA50. But as the volume remains above average (85.50K), the buying seems sustainable at this phase. The reason why I believe the price will hit 9.2K-9.4K the next 48 hours.
It looks like mainstream loves to kick Bitcoin when it is down. Google, FaceBook and Twitter Bitcoin ban might not be effective and might also accelerate the pace of development on decentralized search engine and social media platform alternatives... Time will tell!
For now, the downside potential for bitcoin will likely be limited. Steady your ship, ride the waves out, and you will have smooth sailing in the near future.
Looking at the chart, you will see that the first jumb from 7.24K to 8.7K took place, and the second jumb to 9.4K might come the next 48 hours, as this jumbs will come in waves to lead the price to 10.15K and 11.70K.
Support : 7660.00 level (Major).
Resistance : 9400.00 level (Major).
Expected trading for today:
is between 7660.00 support and 9400.00 resistance.
Expected trend for today :
Slighty Bullish ( in waves ).
Medium Term:
Bullish.
Long Term:
Bullish.
The low of 2018:
5947.00 / IHS Bottom.
The high of 2018:
25000.00 level / Expected.
Writing a series means playing a long game, investing considerable time and effort up front in hopes of considerable returns down the road.
I'm so proud of my little blog, and so grateful to all of you
for support to keep it going.
hows your health!?
It is not good ..
Every day hard pain for 3-4 hours..
Thanks for asking..
oh dear! that isnt good.. are you trying ANY alternative approaches? u might find things like accupressure, acupuncture may help.. what are the docs doing now?
I tried it, I trying everything possible and no result, and still search for alternative mode
ok,, can you confirm the diagnosis with me.. ill talk to a good friend who is a Very good doctor.. and naturapath.. his advice has proved very effective in SO many people's cases
Chronic pain condition that affects the trigeminal nerve..
Trigeminal neuralgia started 20 years ago..
Actually I am 57 years old..
In past the pain became active every 4 years for one 2 weeks..
Now tte pain is active every year for 3-4 weeks and is around 4 hours per day..
Thank you very much..
ok, ill get back to you soon! i hope Dr matthew can do some magic with you too!
Glad to see long term sentiment for BTC is still strong Bullish....
1 more little drop near the $6900...lets see if I'm right
I agree about the bans on other social media platforms being ineffective. In fact I was on Facebook over the weekend and there were still crypto related adds on it anyway. Not directly related to any one coin or ICO but ads about investment platforms and suggested posts of blockchain related news. Besides the horse has already bolted! The genie is out of the bottle! If one site decides not to encourage discussion of the topic then as you say that will be to the benefit of the platforms which do - happy steeming!
Good to see you are optimistic about the upper move possible for BTC for next 24 hours to reach $9.4k. I hope so then, Altcoins, including Steem will be up as well perhaps.
For future viewers: price of bitcoin at the moment of posting is 8459.50USD
Thanks for sharing good blog
great work sir
very important post.
Good job, and great work.
just cant wait for BTC to stabilize so to commence trading