Bitcoin Trend Series / EP. 563 / The Train on Station / Steem Bounty Reward

in bitcoin •  last year

Time: 8.35 A.M. / GM+2 / 15 Apr 2018 – Sun.

Market Factors

  • Allied missiles struck at the heart of Syrian chemical weapons arsenal in a show of force and resolve aimed at punishing the Assad government for a suspected poison gas attack against civilians and deterring the possible future use of such banned weapons. "Mission Accomplished" in Syria, Trump declares after strikes.
    "A perfectly executed strike."
    President Donald Trump tweeted Saturday in the aftermath of his second decision in two years to fire missiles against Syria.

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Source

  1. Payment tokens, which provide a means of payment and must comply with existing anti-money laundering legislation.

  2. Utility tokens, which provide access to an application or service and will not be regulated.

  3. Asset tokens, which fall under securities legislation as they represent assets in a more traditional sense, and also fall under civil law requirements.

Technical

  • In our previous post / 562 / we had forecast the trading range will be between 7.38K and 8.26K. The intraday high was 8.18K and the low was 7.85K.

  • The big picture show us that bitcoin price is in the process of forming a higher swing high as we'd need to see a series of higher price-swing highs and lows to can see another surge higher, If not the thing will not be the best for the bull run as we said in / 562 /

    "A swingy pattern must be formed between 7.38K and 8.26K "

    Keep an eye on the momentum indicator.

  • As we wrote on / 561 /

    "Bitcoin trade based on fundamentals"

    But for now, the price is steady after Syria Air Strikes, The reason why we wait for a pull back toward the area 6.95K -7.38K on Monday as stop lose clearing might be on the cards.

Sentiment

  • The train on station at 8.1K due to the fundamental factors and the 69 forks ( They forks all the thing - The fork became a meme ). If you did not get your seat, wait as the train will leave soon to the next station on the south side as a lot of passengers wait at 6.95k - 7.3K station ( Healty correction ) to get a first class seats before the next move to the final distination on the north side at 10K.

  • The trend is bullish as long as we are above 7.38K, while it seems as though 6.49K is going to hold in the long run for the majority of 2018.

Support 1: 7380.00 level.
Resistance1 : 8260.00 level.

Support 2: 6950.00 level.
Resistance2 : 8643.00 level.

Expected trading for today:
is between 7380.00 and 8260.00.

Expected trend for today :
Bullish.

Medium Term:
Neutral.

Long Term:
Bullish.

The low of 2018:
5947.00.

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.

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So you expect a pull back to 7kish and then further moves upwards?

Did I get this right?

·

Yes, you are right as will be healthy correction before the next upmove / Stop lose clearing might be on the cards/...
Thanks for continued support to my work..
Have a great sunday..

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Congratulations! Your submission earned you 1.177 SBD from this bounty. You have received 1.177 SBD from the creator of the bounty and 0.000 SBD from the community!

This post has received a 8.19 % upvote from @boomerang.

One day i will be able to fully understand and interprets these statistics, whats with all these regulations sef, leave us be mehn. Thanks for sharing...i hope President Trump does not turn the whole Syria to dust

What do you think of the potential ascending triangle pattern on the 4 hr chart?

So, BTC looking bullish today, early Monday to follow its's usual price move pattern I have observed.

A bounty of 1.177 SBD has been set on this post by @lordoftruth! You can read how they work here.

This post has received a 5.63 % upvote from @booster thanks to: @lordoftruth.

Wait for confirmation of a breakout on the 60 minute chart. This is a safer method to identify the near term trend. Check out my post. Cheers

what happening there is very sad but we can't do anything

well i will just sit in the train till it get to the north.