Bitcoin Trend Series / EP. 652 / Incredible Uphill Battle
Time: 9.03 A.M. / GM+2 / 13th July 2018 – Fri.
In our previous post / 651 / we had forecast the trading range will be between 6.039K & 6.705K. The intraday low was 6.079K and the high was 6.337K.
As expected, Bitcoin price declined exactly from Projected Resistance 6.842K, and was stopped around 6.079K.
The Inverse Head & Shoulders Pattern continues to remain in play as long as the bears is unable to push the right shoulder below the neckline located at 6.039K, adding strong possibility of the pattern, to show upside bounce towards 7.021K, supported by Stochastic Positivity, before any new attempt to decline again.
- Weekly Setups stands the same and our major target of AB-CD Pattern around 4.300K still valid as long as the price below 7.021K.
The trend is Slighty bullish for today.
Support 1: 6039.000 level.
Resistance1 : 6705.00 level.
Support 2: 5780.000 level.
Resistance2 : 6842.000 level.
Expected trading for today:
is between 6039.00 and 6705.00.
Expected trend for today :
Slighty Bullish.
Medium Term:
Bearish.
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.
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.
Your analysis are very accurate! Sure it is helping a lot of day traders.
Congrats!
What a tragedy.
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@lordoftruth very well informed the analysis. i think the price will come down in between 5,600 to 5,400 and it will bounce back from there.
this was my trading plan to trade
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@lordoftruth three triangle seems that bitcoin goes now up . Little bull we can see .
Be the bitcoin predictor by commenting on following link.
https://steemit.com/bitcoin/@anku31387/make-your-bitcoin-prediction
This post has received a 8.82 % upvote from @booster thanks to: @lordoftruth.
Lets hope for the best using your signal to trade and its quite beneficial :D
I think we will see continued decreases before an eventual rise in the late quarter of 2019.
Thanks for providing this in depth analysis and helping the community memebers understand Bitcoin patterns so as to make correct decisions.