Bitcoin Trend Series / EP. 594 / Surge Instead Of Plunge / Steem Bounty Reward
Time: 8.25 A.M. / GM+2 / 16th May 2018 – Wed.
Bitcoin price resumed its Negative Trading Below 8.643K supported by EMA50, that formed solid resistance against bitcoin price, trying to approach our 4th Waited Target located at 7.770K,
as our forecast in the post / 587 / :
Retracement will be on Waves towards / 8.832K / 8.573K / 8.367K / 7.770K.To build the right Arm of Our Reverse H&S Pattern, as our forecast in our post / 576 /.
All assumptions and predictions, floating around the internet, give argument as to why Bitcoin should Surge Instead Of Plunge. Such forecasts are a Quite Frequent Phenomenon, and there are completely objective opinions, supported by fundamental data. However Markets’ analysts came to the conclusion that Bitcon has finally got a decent fundamental reference point, which can bring back Positive Sentiment.
In our previous post / 593 / we had forecast the trading range will be between 7.770K and 9.050K. The intraday high was 8.855K and the low was 8.100K.
Based on Price Behavior The Last Days Around 8.643K, we think that downside action should continue to 7.770K to become a right arm of Our Reverse H&S Pattern, before any new attempt to rise.
Note; Our forecast will be vanished, if market move above 8.643K.
Note; If bitcoin price fail to turn up around 7.770K level ( Most likely the 7.770K area will hold ) 6.519K low will be broken, supported by weekly bearish stop grabber.
Support 1: 8100.000 level.
Resistance1 : 8643.00 level.
Support 2: 7770.000 level.
Resistance2 : 9050.000 level.
Expected trading for today:
is between 7770.00 and 9050.00.
Expected trend for today :
Neutral.
Medium Term:
Neutral.
Long Term:
Bullish.
The low of 2018:
5947.00.
The high of 2018 (BitcoinTrader's Year):
16046.00 / Expected.
The low of 2019: ???
The high of 2019 (Bitcoin Holder's Year):
36000.00 level / Expected.
/ Project by @knircky & @famunger /
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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.
I hope you never stop with your forecasts. I log in to Steemit every night looking for your post! Thank you!
Thanks for your great support..
I hope my forecast to be useful..
Very insightful!. I don't day trade too much but I am invested in a lot of crypto and I enjoy learning from your analysis.
I am expecting high of 2019 should come before the end of 2018...
U are doing great job for the community and for your loving followers. Thanks man for sharing your analysis
I am still skeptical of Technical analysis for long term players. I am slowly starting to follow the charts, and i would apply if i do short term trades
Great post there. Apart from the lessons learnt, i have also come to understand three effective ways of accomplishing more in life.
#1 Play the Game
We have a tendency to take ourselves too seriously. This often results in becoming too stiff and unyielding when it comes to changing our plans and adapting to new situations. Being flexible and able to see how our circumstances can serve us is critical to our success.
#2 Purge the Distractions
First, it’s important to know the distinction between what’s truly good for you and what you use as a distraction. This can be tricky. For example, spending two hours on Facebook isn’t very productive, unless it’s part of your job. When we’re trying to distract ourselves, it’s usually because we’re supposed to do something challenging.
#3 Write Down Ideas to Make Them Count
Our minds are constantly in a bind, always working, chattering and in that noise, good ideas are born, but they can be easily lost. Nurturing the habit of writing down your ideas and thoughts is by far one of the best things you can do. It allows you to remember your creative outbursts, even when you can’t make use of them right away.
I have no idea about this Bitcoin Trend Series!! That's all we need to know...Thanks for the information...
Again, you seem to be damn right. The bulls are still sitting in the waiting room. Sooner or later they'll become hungry. Very hungry!
We gotta bounce of that 7700! 😬
Kudos for your forecast.. You are really good at it.. Am always waiting for your posts
wonderfull post
greetings to all effotrts