Bitcoin Trend / The Key Level Of 10.7k

in #bitcoin8 years ago (edited)

As expected; Bitcoin price has reached the key level of 10.7k after the deep correction. We need to keep un eye to watch carefully what will happen around the key level 10.7k ! The most likely target for today is 11500.00 level, if buyers are strong enough.

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 Expected trading for today is between 9000.00  support and 12000.00 resistance  

What About Today !

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  • Bitcoin price now is around 10700.00. The trend for today is bullish, conditioned by stability above 8600.00, affected by a H&S bottom at 6k and inverse head & shoulders on 5H.

  • Breaching 10700.00 level and hold above it, will push the price to 11500.00 level, followed by 12800.00 level.

  • Breaking 10700.00 level and hold below it, will push the price to re-test the psychologically 10000.00 level, before any new attempt to raise.

  • Note : The next post will be about "Bitcoin Trend & The Manipulators".

Expected trading for today:
is between 9000.00 support and 12000.00 resistance.

Expected trend for today :
Bullish.

Medium Term:
Bullish.

Long Term:
Bullish.

The low of 2018:
5947.00 / H&S bottom.

The high of 2018:
25000.00 level.

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

What You Know About --> Fibonacci Retracement in Trending Market.   

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My current post is a winning game! You can make a forecast of the BTC price on 2018-04-01 . The best match will get 10 SBD reward. See there. You already voted it.

Will reply soon mate..
Have a great weekend..

Yeah but tell me how the KIMCH Premium in SouthKorea is reaching almost 12K as we speak :(

Usually South Korean exchanges price for BTC is higher than USA exchanges at a given moment. Some traders take advantage of the price difference and of time zone difference as the predictor of the price point later in USA....imo

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Great job...carry on

Bitcoin is amazing and workable currency in the current world. resteemit done

The rising bitcoin will definitely also become the reason for Steem to rise and give us good returns. Thanks for sharing.

The usually have very little correlation from each other in price in my observation....imo

Good to know the bicoin trend.
Yes,,, we are going to fly with bitcoin..
After all , thanks lot for great information.
Upvote

Good job

That a satisfaction improvement for BTC.We suffer enough during 2 weeks.
Thanks for such a good news

Like your simple yet colorful way of describing the Bullish BTC a longer term.

I think, in short term this will happen:

Breaking 10700.00 level and hold below it, will push the price to re-test the psychologically 10000.00 level, before any new attempt to raise.

Bitcoin is amazing

Very helpful post......
Thanks for sharing this.....

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yes bit coin price is little high now

Incredible and always talented ...

Thanks for telling about bittoine. It can cost at least the price.

thanks for the trend report seems like more huge volumes spikes are gonna come :)

This post has received a 5.88 % upvote from @booster thanks to: @lordoftruth.