Bitcoin Trend Series / EP. 719 / Market Still Static
Time: 8.36 A.M. / GM+2 / 6th Oct. 2018 – Sat.
Recapitulation
Bitcoin price hovers around EMA50, keeping its stability above 6.497K, but we believe that the rise from current levels will face a number of Hurdles on the way up !
The important level to watch on the upside is 6.879K as breaching this level will Invalidate the bearish trend.
For now, we still believe there are Big Chances for the price to hit our downside target around 6.040K followed by 5.911K.
Market Factors
Saturday is looking just as dull as Friday in crypto land. Markets have yet to make a move and everything is Still Static, because Bitcoin price hasn’t moved in 24 hours and is hovering around 6.500K - 6.600Kand in the same time. the total capitalization of cryptocurrencies has frozen around $220 Billion.
On October 12, the Inter Continental Arena Conference Centre in Maltese city of St. Julian will turn into a buzzing place where science fiction becomes a reality. Malta opens its Innovation Summit 2018 with an exciting agenda and top international and local speakers from politicians and scientists to entrepreneurs and great innovators of
our days.
Technical
In our previous post / 718 / we had forecast the trading range will be between 6.290K & 6.879K. The intraday low was 6.562K and the high was 6.741K.
The Bearish Trend is suggested for today, unless breaching 6.879K
and holding above it.
Sentiment
Support 1: 6290.000 level.
Resistance1 : 6879.00 level.
Support 2: 6040.000 level.
Resistance2 : 7188.000 level.
Expected trading for today:
is between 6290.00 and 6879.00.
Expected trend for today :
Bearish.
investing considerable time and effort up front in
hopes of considerable returns down the road.
consider purchasing us a box of beer to BTC Address:
3AmNtmR5F9RkACUyec9wTy2a1EP6B54t66
A little bit boring the last days. But high volatility always follows low volatility. Stock markets seem to be ready for a deeper correction as interest rates hike strait upwards. Will this influence BTC price?
Many argue that the stock market and the crypto market are two different prospects with vast differences but:
Both of the markets function the same way. By their simplest, the price of both are determined by demand, meaning how much people are willing to pay for a share or a currency.
Both of them can be valued based on the idea behind them.
Both of them are so far valued in fiat currencies.
My answer to your question is YES
Thanks for support..
Have a great weekend..
every market is crashing so hard don't know what's going on
Dogecoin is looking great
Posted using Partiko iOS
I am really liking Dogecoin... especially Free Dogecoins
Posted using Partiko iOS