Bitcoin Trend Series / EP. 633 / Final Destination
Time: 8.04 A.M. / GM+2 / 24th June 2018 – Sun.
In our post / 607 / dated on 29th May, we wrote;
We doubt the crucial support 7.100K - 7.210K area will hold as the 2 weekly bearish stop grabbers after breaking 7.614K, suggest drop below 6.519K, to test 5.878K reaching 4.300 area, where a Potential Bullish Reversal can take place.
In our post / 631 / we wrote;
The Accumulated Stops below 5.878K will be triggered, and the price will accelerate lower, right to our destination at 4.300K Area / Butterfly "Buy" that appears on the below chart, within less than 2 weeks.
In our previous post / 632 / we had forecast the trading range will be between 5.878K & 6.600K. The intraday low was 5.918K and the high was 6.259K.
Bitcoin price resumes its negative trading as we expected Below 6.039K, which supports the continuation of our bearish scenario, reminding you that breaking 5.878K level will push the price towards 5.500K as a next station.
- No Change to our bearish scenario, conditioned by the price stability Below 6.900K and when the Accumulated Stops will be triggered below 5.878K, the price will accelerate lower towards 5.500K, to reach our Final Destination at 4.300K Area / Butterfly "Buy" that appears on the below chart.
At press time, bitcoin price is around 5.950K and our Bearish Overview remain valid. Keep an watching eye ( Today ) on 5.878K.
For the short run:
It is going to be a little tough because they are stopping new accounts from coming in. But actually they are cleaning up the system, they are making sure it is more robust, making sure it is better for people.
We suggest / Bearish Trend / for today.
Support 1: 5878.000 level.
Resistance1 : 6600.00 level.
Support 2: 5500.000 level.
Resistance2 : 6900.000 level.
Expected trading for today:
is between 5500.00 and 6600.00.
Expected trend for today :
Bearish.
Medium Term:
Neutral.
Long Term:
Bullish.
The low of 2018:
4267.00 / Expected.
The high of 2018 (BitcoinTrader's Year):
14469.00 / Expected.
The low of 2019: ???
The high of 2019 (Bitcoin Holder's Year):
36000.00 level / Expected.
investing considerable time and effort up front in
hopes of considerable returns down the road.
I'm so proud of my little blog, and so grateful to all of you
for support to keep it going.
Bitcoin (BTC), as I have always been seeing on internet until now. How I came to know such a treasure and still trying to visualize the future of BTC. @lordoftruth to some extent, your analyses true and otherwise illusive. The game is on and am watching. I have very little BTC and still going to store as much as I can, who knows, I might be lucky. How I wish it will go up as I write. To predict is a game of chance and good but most at times I always it right. I rest my case. Thank you very much @lordoftruth and do have a nice week. Cheers!!!
i have 500 us dollar to invest in crypto. is it right time to do that?????
@boishakhitrity can you still exercise patience for like two weeks.
Read the post, he indicates that 4300 is the final destination. Do your own research. It could not go that low however it could go even lower, so.......
He was on point with his 5878 maybe his 4300 will work out as well. All in all it is your decision of when to buy. Good luck
YA GOOD TIME TO BUY AND TIME TO JEKCPOART TIME
Please upvote: https://steemit.com/free/@bible.com/4qcr2i
hey @lordoftruth
thanks for sharing but i see the low of 2018 is 3600 USD. also expected the high of 2018 is 1900USD.
Thanks for the update. Noticed that 5878 has just been breached on Bittrex.... buckle up!
This post has received a 7.81 % upvote from @booster thanks to: @lordoftruth.
should i sell btc now ?
Hold, hold, hold
wish i have those hands & keep upvoting such as this creative funny post!!
Thanks for sharing this..
we are in the low of the low and return back to the same point almost where we began last year