BITCOIN – Short-Term Update, Sentiment, & Key Statement for 3-18-2018

in #bitcoin6 years ago

…Key Statement:

So, we finally got a new marginal low of 7,555 for the current leg down as the bearish pressure continues to exert itself upon the market. The next downside price target is the long-standing 7463 level. Folks, do take plausible “turn-dates” (+/- one bar) for what they are – “plausible” – (nothing more and nothing less), they are not absolute by any measure of concrete reliance, that is certain.

Having said that, I will continue observing the price action closely, as that is the ONLY concrete measure from which to continue framing the market as I have – by the “price-action” itself – and “price-action” alone. Stay tuned for Sunday’s weekly wrap-up and long-term overview. Cheers!

Short-TermBiasTargetSup-1Sup-2Res-1Res-2
@passion-groundBearish7,4637,5557,3158,1908,366

Long -TermBiasLow 2018Target 2018
@passion-groundModerately Bullish5,92012,235 min / 37,419 max

…You Can’t Miss with Swiss-Chris!

Otherwise known as @famunger, Chris puts together a daily recap of all the top technical analysts across STEEMIT, and beyond. He does so in order to provide the community at large with the best possible forecasting guidance relative to the price of BITCOIN, and by default, the balance of the crypto-world at large.

In checking out @famunger’s daily recap, you simply can’t miss! His assessments of all the tenured analysts are akin to getting the very best snapshot of what the near and long-term future is likely to hold for those with a vested interest in BITCOIN and the multitude of coins, tokens, and alternative currencies that BITCOIN clearly paves the way for.

…BTC Update 3-18-18

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BTC - Hourly -3-18-18.PNG

…Video Update

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I trust that the preceding analysis was generally objective, explicitly actionable and informative, and of relative and meaningful value for all those who perceive such analysis as a backstop to their individual ends.

Until next time,

Peace, Love, and Justice for All

DISCLAIMER: This post and all of the analysis contained herein serves general information purposes only. I am not a registered financial adviser. The material in this post does not constitute any trading or investment advice whatsoever. The trend-following strategies explained herein are for example only, and should not be construed as trading or investment advice in any way. The same thing goes for anyone subscribing to the Long-Term Trend Monitor. The subscription simply shares with subscribers what several automated trend-following systems are doing, and that’s all. The bullish and bearish alerts provided therein are for information purposes only, and they are not to be construed as advice to buy or sell. At the time of this writing, the author does not hold any positions in BITCOIN or any other crypto-currency. Please conduct your own due diligence, and seek counsel from an accredited financial advisor before making any trading or investment decisions. Should you decide to mirror or copy any investment or trading examples from this or any other related source, the decision to do so is entirely your own - as are the inherent risks involved in doing so. I am not responsible for any of your losses. By reading this post, you acknowledge and accept to never hold me accountable for any financial losses. Thank you.

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I found you via famunger. Really like the way you are no nonce about the market and how you view it. Thank you for the time and effort.

Thank you @hefziba! Swiss-Chris (@famunger) is the man! Glad I can add some clarity to the many who are in search of it. Thanks again! :-)

Cool,

Educative

Glad you think so, brother!

For future viewers: price of bitcoin at the moment of posting is 7548.00USD

Thanks, bot-man!

Nice analysis.

Bitcoin will be a great buy at $6000, with a medium term target of $17000. Let price action dictate what we do next.

Thank you, @rollandthomas! Yes indeed, the "price-action" always rules... :-)

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