Time:  12.43  A.M. / GM+2 / 22th Mar, 2018 – Thurs.


<center>![22.jpg](https://steemitimages.com/DQmdtUfbXijteSiMUGzJ5qcsrFmx9ZU45e9p98xtjmAucuB/22.jpg)</center>


- In our post dated on / <a href="https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-06-02-2018"> Feb 6  </a> / we had forecast the low of 2018, and our target around 6K was accurately has hit last month where we've expected upside action. 

- In our post  / <a href="https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-no-502-inside-a-meme"> 502 </a> / we wrote about reverse H&S Pattern and the drop to 8.7K-9.2K which usually suggests a rise to around 14.5K-15K. But recent statements from Tweeter, Facebook and Google on forbidden of BTC advertisement and some other comments have pressed on BTC. 

- As a result, bitcoin price has kept this setup, but achieved a bit deeper target at 7.24K ( 5/8 Fib level ) the reason why I came up with the post 
 / <a href="https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-series-ep-529-bull-bear-cycle-has-been-completed"> 529 </a> / to confirm the upside reversal.

- Based on our chart,  we could estimate the bull target at 13.55K that will creates agreement resistance, and potential bearish "222 Sell" Pattern. 

<center>https://i.imgur.com/5Fksl6n.jpg</center>

- Bitcoin is currently trading around 8.7K as we expected in our morning update / <a href="https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-series-ep-538-the-balance-of-forces-made-it-stuck"> 538</a> /.

- Based on the above; The short term trend is bullish and our target is 13.55K, the medium term trend is slighty bearish and the expected high ( for now ) of 2018 is around 14K.

- Note; Be aware of drop below recent 7.24K low as it will mean irrational behavior for bullish market. 

Support : 8200.00 level (Major).
Resistance : 10200.00 level (Major).

Expected trading for today:
is between 8200.00  support and 10200.00 resistance.

Expected trend for today :  
Bullish.

Medium Term:
Slighty Bearish.

Long Term:
Bullish.

The low of 2018:
5947.00 / IHS Bottom.

The high of 2018:
14000.00 level / Expected.
The new all time high is expected on 2019.

<center>![10559903_827991603901191_6823467013727099018_n.jpg](https://steemitimages.com/DQmQTBMccrRbpvLorNMexqebRBEB1PBgHmRC8sdZRa5uzF5/10559903_827991603901191_6823467013727099018_n.jpg)</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>Writing a series means playing a long game,
investing considerable time and effort up front in
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I'm so proud of my little blog, and so grateful to all of you
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 </center>

<center><a href="https://steemit.com/bitcoin/@lordoftruth/forex-education-center-volume-i"><strong>If You are New in Trading  &nbsp;--> Read Trading Education Center / Volume I.</strong></a> &nbsp;&nbsp;&nbsp;</center>

<center><a href="https://steemit.com/bitcoin/@lordoftruth/fibonacci-retracement-in-trending-market"><strong> What You Know About&nbsp;--> Fibonacci Retracement in Trending Market.</strong></a> &nbsp;&nbsp; </center>


<center>https://i.imgur.com/YDHaoNd.gif</center>