Bitcoin Trend Series / EP. 703 / Bullish Pattern
Time: 1.31 P.M. / GM+2 / 17 Sep 2018 – Mon.
On Daily Chart there are no reasons to change our view as 5.911K
still our major target.
Bitcoin price has not shown solid drop till this moment, while other markets collapsed and the price’s recent trades are confined within bullish pattern ( Reverse H&S Pattern ) shown on the below 4H Chart that its classic target stands around 6.880K.
So we will treat this current upside action toward 6.880K as Retracement, that most likely will be followed by downward action
- It seems that buyers are starting off on a relatively positive note so far this week, as there have been no negative updates over the weekend.
In our previous post / 702 / we had forecast the trading range will be between 5.911K & 6.880K. The intraday low was 6.413K and the high was 6.543K.
The short term trend is bullish, supported by Stochastic and EMA50 positivity.
But keep in mind, that Bitcoin price needs to breach 6.500K
to activate the above positive pattern.
Support 1: 6200.000 level.
Resistance1 : 6600.00 level.
Support 2: 5911.000 level.
Resistance2 : 6880.000 level.
Expected trading for today:
is between 6200.00 and 6880.00.
Expected trend for today :
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!
investing considerable time and effort up front in
hopes of considerable returns down the road.
consider purchasing us a box of beer to BTC Address: