Bitcoin Trend Series / EP. 664 / Major Resistance at 8.642K
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.
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 :
The low of 2018:
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.
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