Bitcoin Trend / 06-11-2017 Midday Update / A Picture is Better Than One Thousand Words

in #bitcoin7 years ago

bitcoin-1.jpg
 Expected trading for the rest of day is between 6840.00  support and 7400.00 resistance  

The correctional bearish trend try to push the price towards 6500.00

A Picture is Better Than One Thousand Words
77777.png

  • The bearish correction towards 6500.00 level still valid / 23.6% Fibonacci Correction (from 3000.00 to 7590.00).

  • Stochastic signals the return in bearish pressure.

  • RSI is turning lower and ready to move south.

  • Note, breaching 7590.00 level and hold above it, will cancel the bearish correction.

Expected trading for the rest of day:
is between 6840.00 support and 7400.00 resistance.

Expected trend for the rest of day:
Bearish.

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.   

fibo.jpeg

If You Are New Steemain Read  --> Get Started Fast with Steemit.   

If You are New in Forex  --> Read Forex Education Center / Volume I.    

If You Feel Invisible on Steemit  --> Come and hang with us.   

What You Know About --> Syrian Civil War.   

sy.jpeg

Sort:  

Great news of bitcoin. Thanks for sharing.
Upvote Resttem

Great analyses and valid graphic summary. good information.
(((((( Resteem Service))))

Thanks for the update of btc article. great information

Great update for bitcoin info and good analyses .
thanks for sharing
100% like and resteem

That's pretty cool to know, thanks.

@lordoftruth My prediction it will hit maybe $7500 before it comes down to a respectable $6000 to $6500 but cryptocurrency is so unpredictable nothing will stop this coin from going to $10000. Wont it be great if it did that i can imagine all the smiles all around.

Excellent post thanks for sharing

This post received a 3.9% upvote from @randowhale thanks to @lordoftruth! For more information, click here!

Great analysis and article. I hope to see the price reach the 8000$ spychological barrier!

nice one...