Bitcoin Trend Series / EP. 696 / Keep An Watching Eye On Next Station At 5.911K

in bitcoin •  last month

Time: 11.06 A.M. / GM+2 / 09 Sep 2018 – Sun.

Recapitulation

  • Bitcoin price is bleeding. The short - term trend still Bearish Unless Breaching 6.880K and hold above it, and the speed of recent dropping makes us believe that chances are solid to push the price to 5.911K conform the below Daily Chart !

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Market Factors

  • Apparently Goldman is Uncertain about the regulatory environment, since when has Goldman shied away from forging a new path while it influences the architecture of a new regulatory environment !

Technical

  • In our previous post / 695 / we had forecast the trading range will be between 6.040K & 6.880K. The intraday low was 6.119K and the high was 6.475K.

  • 4H RSI is still well below the 30 level, and 4 H MACD in the bullish zone.

  • Bitcoin plunged from 7.385K to 6.119K as expected. Keep an watching eye on Next Station at 5.911K.

Sentiment

The trend is Bearish,
unless breaching 6.880K and hold above it !

Support 1: 5911.000 level.
Resistance1 : 6497.00 level.

Support 2: 5782.000 level.
Resistance2 : 6880.000 level.

Expected trading for today:
is between 5911.00 and 6497.00.

Expected trend for today :
Bearish.

Medium Term:
Neutral.

Long Term:
Bullish.

The low of 2018:
5782.00 / Fundamental Barrier / Done.

The high of 2018:
11700.00 / Expected!

The low of 2019:
6600.00 / Expected!

The high of 2019:
25000.00 / Expected!

Writing a series means playing a long game,
investing considerable time and effort up front in
hopes of considerable returns down the road.

If you believe, that our little blog is useful for you,
consider purchasing us a box of beer to BTC Address:
3AmNtmR5F9RkACUyec9wTy2a1EP6B54t66

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

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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This post has received a 5.2 % upvote from @boomerang.

This time the support $5800 is very crucial

Thanks for the information sir............./