Bitcoin Trend Series / EP. 710 / Double Bottom Pattern Still Active

lordoftruth (71)in #bitcoin • 6 years ago

Time: 8.09 A.M. / GM+2 / 24 Sep 2018 – Mon.

There are no change, Bitcoin price fluctuates around 6.700K, and the positive effect of the Double Bottom Pattern still active, paving the way to 6.880K and 7.188K, shown on the below 4H Chart.

All eyes are now set on Intercontinental Exchange, as ICE plans on launching a new regulated "on-ramp" platform for institutional investors, merchants and retail investors to trade, store and spend various digital assets through Bakkt.
Sentiment has been mostly positive as traders are drawing hope from the SEC Decision to yet again prolong the comment period for bitcoin ETF applications. For many, the regulator’s decision to refrain from a rejection suggests that there’s still a possibility for an approval later on.
Chechnya will create a Eurasian crypto mining pool, the press secretary of the head of the Chechen Republic has reportedly confirmed. The project aims to combine the resources of crypto miners from the Eurasian Economic Union countries.
Source

In our previous post / 709 / we had forecast the trading range will be between 6.601K & 7.050K. The intraday low was 6.661K and the high was 6.785K.
We suggest the Bullish Bias for today towards 6.880K and 7.188K unless breaking 6.106K level and holding below it, as Stochastic gains positive momentum, while EMA50 provides positive support to the bull trend.