Bitcoin Trend Series / EP. 589 / 2018 VS 2019 / Steem Bounty Reward

in #bitcoin6 years ago

Time: 8.17 A.M. / GM+2 / 11th May 2018 – Fri.

Market Factors

  • 1757 cryptocurrencies are listed at Coin Ranking and 39 of them have a market cap of $1 billion. The growing investment in new ventures is diversifying the crypto world and allowing the exploration of various benefits presented by the blockchain technology.

  • Bitcoin is not an ideal investment on 2018 / BitcoinTrader's Year / as people are looking forward to other cryptocurrencies which have lower value and more useful as compared to Bitcoin. But most likely trajectory of future mining infrastructure growth should underpin bitcoin price appreciation into the end of 2019 / Bitcoin Holder's Year /.

  • Bitcoin wasn’t off to a strong start for the week as it was dragged down by profit-taking and remarks from Warren Buffet. However, a few positive developments were still reported, such as ICE’s plans to create a bitcoin exchange.

Technical

  • In our previous post / 588 / we had forecast the trading range will be between 8.573K and 9.676K. The intraday high was 9.393K and the low was 8.870K.

  • Bitcoin price seems to be caving to bearish pressure since yesterday to approach form our first target at 8.832K, suppored by Stochastic and Oscillator that suggest the continuation of selling pressure towards Fib extension 78.6% level at 8.573K followed by the full extension located at 8.367K.

  • A deep retracement, is expected and most likely the / Retracement will be on Waves / towards: 8.832K / 8.573K / 8.367K / 7.770K.

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Sentiment
...No Change...
We suggest / The Bearish Trend / for today.

Support 1: 8573.000 level.
Resistance1 : 9421.00 level.

Support 2: 8367.000 level.
Resistance2 : 9767.000 level.

Expected trading for today:
is between 8573.00 and 9767.000.

Expected trend for today :
Bearish.

Medium Term:
Neutral.

Long Term:
Bullish.

The low of 2018:
5947.00.

The high of 2018 (BitcoinTrader's Year):
16046.00 / Expected.

The high of 2019 (Bitcoin Holder's Year):
25000.00 level / Expected.

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Remember in order to qualify for a @steem-bounty reward
/ Project by @knircky & @famunger /

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

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dear @lordoftruth i agree with you this year some low market with bitcoin but your idea its true in 2019 bitcoin need to price up ..

I have a question ......why SBD price decrease day by day ?? what reason can you tell me

Because it is traded with BTC and BTC is going down, as it is mentioned in this article.

SBD should be $1 so expected to go down to this

It was great seeing STEEM had a market cap over $1bn few times already. Is that good in your opinion or you think the market cap is already over the realistic potential?

Thank you very much so much better post it

Thank you so much for sharing,

Day by day cryptocurrencies listed is increased but maximum of them are can not be improved their marketcap..@lordftruth..
Your bitcoin trend series is so infromative

Thanks for your informative post
Thank you somuch

The low of 2018:
5947.00.

Yes, I think this is true.

The high of 2018 (BitcoinTrader's Year):
16046.00 / Expected.

This would be nice :-)

The high of 2019 (Bitcoin Holder's Year):
25000.00 level / Expected.

You forgot one "0" =>

250000 !

its a very helpful post, thank you..for share it.....

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