Bitcoin Trend Series / EP. 542 / 2018 Bitcoin Trader's Year & 2019 Bitcoin Holder's Year

Time: 7.40 A.M. / GM+2 / 25th Mar, 2018 – Sun.

We wrote many times since Dec 2017, the year 2018 will be the best year for Bitcoin / Crypto Traders and I expect 2019 to be the best year for Bitcoin / Crypto Holders, as the new all time high is expected on 2019.

In our previous post / 541 / we had forecast the trading range will be between 8.37K and 9.60K. The intraday high was 9.05K, and the low was 8.42K, and we expected "upwards move from the turning point 8.27K to 9.60K-9.70K zone, followed by small correction to around 9.29K, before the rise to 10.80K".

But the price stuck in the swingy zone / 534 / ( the swingy zone now between 8.375K and 9.260K ) the reason why I believe sometime is needed to see the 9.60K and 10.80K.

Our bullish scenario toward 13.55K still valid supported by:

• 3 Drive Buy Pattern. For more info about this pattern, feel free to read / 3 Drive Buy Pattern Explained.
  

  

• Reverse H&S Pattern that will try to push the price to break the neckline around 9.26K to confirm the potential climb. For more info about this pattern, feel free to read / Inverse Head And Shoulders Explained
  

  

Support 1: 8375.00 level.
Resistance1 : 9600.00 level.

Support 2: 8119.00 level.
Resistance2 : 10800.00 level.

Expected trading for today:
is between 8375.00 support and 9600.00 resistance.

Expected trend for today :
Slighty Bullish.

Medium Term:
Slighty Bearish.

Long Term:
Bullish.

The low of 2018:
5947.00 / IHS Bottom.

The high of 2018 (BitcoinTrader's Year):
14000.00 level / Expected.

The high of 2019 (Bitcoin Holder's Year):
??? The new all time high is expected.

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

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.

If You are New in Trading  --> Read Trading Education Center / Volume I.    

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