Bitcoin Trend / 30 - 01 - 2018
Expected trading for today is between 10200.00 support
and 12900.00 resistance
key support 10700.00 / The start of the crash zone /
but technical indicators provide positive
factor that support bullish trend.
Bitcoin price now is around 11000.00 / the fear zone/.
Technical indicators signal, bitcoin price could go from here towards 12400.00 level, if the range 10200.00-10700.00 holds.
Volume is low as traders remain cautious, but I still suggest the bullish unless breaking 10200.00-10700.00 range.
Breaching 12400.00 level and hold above it, will push the price towards 12900.00 / close to 100 % Fib Extension.
100 SMA is above 200 SMA so the upside move is more likely to continue.
RSI indicate a return in bullish pressure and stochastic reach to the oversold areas to suggest a bounce from here.
Note; Breaking 10200.00- 10700.00 range, will cancel the bullish trend and will push the price to re-test the low of year at 9300.00 before any new attempt to raise.
Expected trading for today:
is between 10200.00 support and 12900.00 resistance.
Expected trend for today : Bullish.
I am also bullish on bitcoin and agree with your opinion. Yes, I am also seeing the fear factor as we break below 10,800.
Lets see what 1st week of February brings for us. Right now we need volume, as this low volume is making traders impatient and can trigger a panic sell button.
Thank you for sharing the latest useful information @lordoftruth.
We can take out a lot of information about bitcoim,crypto & so on from your post.
By dint of we can increase our skill that is beneficial for all steemians.
I will always visit your site & wait for your upcoming post.
Thanks .
@Resteem & follow has done.
I don't think it will go into the carsh zone but if it doesn't go up much maybe people will power sp on steem instead and grow thier steem.
The range 10200.00- 10700.00 will hold and soon will move higher
Thank you for great analysis post. I am a bit confused about BTC graph. It fluctuates always these moments. I think investing in altcoins is better than investing BTC these days.
always be cautious @bekirsolak as altcoins can and usually will follow BTC for a few. Even though BTC has had these issues it is wise to keep close eye on the trendline and make sure there is support. If BTC were to go below where @lordoftruth has stated then that could drop the market...not just BTC.
Well said..
Thanks for support..
Anytime @lordoftruth! Love your info!
You should also upvote nd follow me please
I agree with you about "If BTC were to go below where @lordoftruth has stated then that could drop the market...not just BTC.". However, some really reliable altcoins gain more than BTC these days. This is only my opinion but I actually interested in new altcoins like BTW now.
It is true @bekirsolak that some coins are gaining better than BTC, however, just as fast as they can earn, if BTC takes a good nose dive, you can also count on the alts to do the same...or even worse
Truth. If it goes to the crash zone, alts will deflate really bad.
great post about bitcoin
bitcoin is the digital mone making system it is known to all
thanks for sharing this blog on steemit
its a bearish market today with most coins trading in the red , just a few in the green, BTC aint no better at coinmarketcap.com its still in the red zone
When will we see the moon? :(
Thanks for the analysis ... I follow you now :-)
Your chart has helped me to understand when not good to buy volatile state. Thanks