Bitcoin Trend Series / EP. 527 / Stability _ Upside Break Might Be More Likely
bitcoin·@lordoftruth·
0.000 HBDBitcoin Trend Series / EP. 527 / Stability _ Upside Break Might Be More Likely
Time: 8.27 A.M. / GM+2 / 14th Mar, 2018 – Wed. In our previous post / <a href="https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-series-ep-526-reverse-h-and-s-pattern-and-elliott-wave-theory"> 526 </a> / we wrote about "Reverse H&S Pattern & Elliott Wave Theory" and we had forecast the trading range will be between 8.60K and 10.15K, the intraday high was 9.28K, and the low was 8.88K. <center></center> <center>What Next !</center> - Bitcoin price keep its stability ( consolidation phase ) below 9.675K, under negative pressure coming by the EMA50 and the price needs to get back through 9.322K ( Feb. 26th low ) to can reach 10.150K areas in order to continue the climb. - Bitcoin price trading with crazy stability ( More than USD ) and in the same time has formed lower highs and higher lows, creating a symmetrical triangle pattern on its 1-hour chart, and we waiting for up / down breakouts. The height of this triangle is 1.6K ( spans between 8.4K and 10K ) so 1.6K move is expected in either direction. - My point of view; Breaking 8.4K will be so roughly ( 61.8% retracement level ) because it is an important support. Based on fib retracement, MA100, and Elliot wave, the reason why I think, that a un upside break might be more likely to happen. <center></center> <center>What About Today!</center> - Bitcoin is currently trading around 9.144K at time of writing and the trend is bullish for today, conditioned by stability above 8.4K. - Narrow trading range between 8.7K and 9.7K for today ( consolidation phase ) is expected. Note: - If you are trader and you BGT at 8.4K, move your SL to 8.242K. - If you are investor, HODL. Support : 8600.00 level (Major). Resistance : 10150.00 level (Major). Expected trading for today: is between 8600.00 support and 10150.00 resistance. Expected trend for today : Bullish Medium Term: Bullish. Long Term: Bullish. The low of 2018: 5947.00 / IHS Bottom. The high of 2018: 25000.00 level / Expected. <center>Thanks For Reading..</center> <center>YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED. </center> <center><a href="https://steemit.com/bitcoin/@lordoftruth/forex-education-center-volume-i"><strong>If You are New in Trading --> Read Trading Education Center / Volume I.</strong></a> </center> <center><a href="https://steemit.com/bitcoin/@lordoftruth/fibonacci-retracement-in-trending-market"><strong> What You Know About --> Fibonacci Retracement in Trending Market.</strong></a> </center> <center>https://i.imgur.com/YDHaoNd.gif</center>
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