Time: 6.55 A.M. / GM+2 / 30th June 2018 – Sat.

Recapitulation

• In our post / 607 / dated on 29th May, we wrote;

We doubt the crucial support 7.100K - 7.210K area will hold as the 2 weekly bearish stop grabbers after breaking 7.614K, suggest drop below 6.519K, to test 5.878K reaching 4.300 area, where a Potential Bullish Reversal can take place.

• In our post / 631 / we wrote;

The Accumulated Stops below 5.878K will be triggered, and the price will accelerate lower, right to our destination at 4.300K Area / Butterfly "Buy" that appears on the below chart, within less than 2 weeks.

• Our Final Target around 4.300K has not been reached yet. Keep in mind 4.300K area is the point where bitcoin price should gravitate to, and the below Butterfly most likely will finalize this action.

Technical

• In our previous post / 638 / we had forecast the trading range will be between 5.500K & 6.450K. The intraday low was 5.780K and the high was 6.545K.

• Bitcoin Market holds Harmonic Swings, as you can see on below chart. So we still watching for bearish continuation patterns / "222" Sell.

• Bottoms are not made in a day! No Change to our bearish scenario, conditioned by the price stability Below 6.842K. Another round of selling can be expected to move the price towards 5.500K followed by 4.300K Area / Butterfly "Buy" the final destination and the potential bullish reversal location.

• At press time, bitcoin price is around 6.450K and the bearish trend remain dominant unless breaching 6.842K and settling above it.

Sentiment

Based on the above
We suggest / Bearish Trend / for today.

Support 1: 6039.000 level.
Resistance1 : 6600.00 level.

Support 2: 5500.000 level.
Resistance2 : 6842.000 level.

Expected trading for today:
is between 5500.00 and 6600.00.

Expected trend for today :
Bearish.

Medium Term:
Neutral.

Long Term:
Bullish.

The low of 2018:
4267.00 / Expected.

The high of 2018 (BitcoinTrader's Year):
14469.00 / Expected.

The low of 2019: ???

The high of 2019 (Bitcoin Holder's Year):
36000.00 level / Expected.

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

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investing considerable time and effort up front in
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What You Know About --> Fibonacci Retracement in Trending Market.   

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