Bitcoin Trend / 11 - 01 - 2018

in #bitcoin7 years ago

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 Expected trading for today is between 11200.00  support and 14200.00 resistance  


Bitcoin price under negative pressure trying to break 13100.00 level,
and technical indicators, are signaling bearish pressure.


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A Picture is Better Than One Thousand Words

So What Next!

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  • Bitcoin price now is around 13300.00 and still under negative pressure supported by EMA50.

  • Breaking 13100.00 level and hold below it, will move the price probably towards 11100.00 level. If this happened, I believe the buyers will return and push the price from 10700.00 - 11000.00 level ( significant support ) to the upside.

  • 100 SMA is below 200 SMA so the bearish wave is more likely to continue than to reverse.

  • RSI indicate selloff momentum.

  • Stochastic indicate selling pressure.

  • Note, Breaching 14400.00 level and hold above it, will cancel the bearish wave and will push the price to resume the main bullish trend again.

Expected trading for today:
is between 11200.00 support and 14200.00 resistance.

Expected trend for today:
Bearish.

Source

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

when will it reach one million USD

@lordoftruth. I am just hoping that your prediction is right because I am in a great loss due to this fluctuations

Your posts are really amazing, but there is plenty of bitcoin in your

@lordoftruth Such a great article & nice photography
##Upvote/Resteem###

Super my dear master ...
It's really informative post ..I appreciate to see this post ...
Thanks a lot for sharing your valuable post

Wish fulfil your expected trade today, It's really informative post ..I appreciate to see this post ...Thanks for sharing.

Good news thank you for sharing information

Wow....such a wonderful and useful btc technical analyse by @lordoftruth
Wel done and execellent wirk sir ..
Cheers~~

Great analysis