Bitcoin Trend Series / EP. 544 / An Interesting Zone To Watch.

Time: 8.20 A.M. / GM+2 / 27th Mar, 2018 – Tues.

Bitcoin price break the support 8.37K to falls below psychological support at 8K and the sell off doesn't appear to slow down.

I do not think the sell off is able to send the price below 7.24K, but in the same time, the bulls need fresh entry point between 7.715K ( March 18 low ) and 7.651K ( The possible new turning point ) that will be an interesting zone to watch.

Because the actual sell-off is likely just a new opportunity for opening long positions, as soon as the current bearishness is exhausted.

In our previous post / 543 / we had forecast the trading range will be between 8.30K and 9.60K. The intraday high was 8.47K, and the low was 7.85K.

• Our bullish scenario toward 13.55K will remain valid supported by 3 Drive Buy Pattern / 542 / as long as the price above 7.24K.

• At 7.651K bitcoin price might see a bounce back as it sits at .786 Fib retracement.

The reasons why I am still short term bullish because I expect a larg move toward 9.26K in the opposite direction soon after is people selling the fact.

"Buy On Rumour & Sell On Fact".

Support 1: 7500.00 level.
Resistance1 : 8375.00 level.

Support 2: 7247.00 level.
Resistance2 : 9260.00 level.

Expected trading for today:
is between 7500.00 and 8375.00.

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.