Bitcoin Trend Series / EP. 664 / Major Resistance at 8.642K

in bitcoin •  5 months ago

Time: 9.40 A.M. / GM+2 / 26th July 2018 – Thurs.

  • In our previous post / 663 / we had forecast the trading range will be between 8.000K & 8.642K. The intraday low was 8.073K and the high was 8.435K.

  • Bitcoin price fluctuates above 8.000K barrier, trying to resume the
    main bullish trend ( The trend is slighty bullish as long as the price above 7.650K ) supported by Stochastic Positivity.

  • But the price appears to be faced some bearish pressure ( As we expected in our previous post ) before the Major Resistance at 8.642K and might be forced to retreat from the climb, to test 7.650K before the moving ( In absence of another set of positive developments to sustain the climb ) towards 38.2% FIB level near 7.050K, supported by RSI Negativity.

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Sentiment

The trend is Slighty Bullish for today.

Support 1: 8000.000 level.
Resistance1 : 8.642.00 level.

Support 2: 7650.000 level.
Resistance2 : 9000.000 level.

Expected trading for today:
is between 7.650.00 and 8280.00.

Expected trend for today :
Slighty Bullish.

Medium Term:
Neutral.

Long Term:
Bullish.

The low of 2018:
5782.000

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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Holding long ;)

This post has received a 6.38 % upvote from @booster thanks to: @lordoftruth.

really helpful information. Thanks bro. keep it up.

Nice post ..hope ur right ...

that's a major resistance can't get over it for sure for sometime