Bitcoin Trend Series / EP. 661 / Butterfly Sell Pattern

Time: 10.51 A.M. / GM+2 / 23th July 2018 – Mon.

• In our previous post / 660 / we had forecast the trading range will be between 7.000K & 7.650K. The intraday low was 7.333K and the high was 7.650K.

• Bitcoin price today started with clear positivity to surpass 7.600K,
  and most likely the bullish move, supported by stochastic positivity,
  will continue to push the price towards 7.800K area, and this upmove will be followed by a decline to 7.000K, as 4H Chart shows that,
  Bitcoin price prepare to a retracement by Butterfly "Sell" Pattern towards 7.000K - 7.050K area.

Sentiment

Based on the above
The trend is Neutral for today.

Support 1: 7050.000 level.
Resistance1 : 7800.00 level.

Support 2: 6842.000 level.
Resistance2 : 8250.000 level.

Expected trading for today:
is between 7050.00 and 7800.00.

Expected trend for today :
Neutral.

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.

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

What You Know About --> Fibonacci Retracement in Trending Market.   

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