Bitcoin Trend / 22 - 01 - 2018
Expected trading for today is between 10700.00 support
and 13400.00 resistance
Bitcoin price try now to test the support 11100.00 but
stochastic shows positive signals to motivate
the rise towards 12600.00 / 38.2% extension,
followed by 13000.00 / 50% extension.
Bitcoin price now is around 11400.00 on the fear zone but technical indicators indicate a pickup in bullish pressure that might move the price towards 13400.00 level / 61.8% extension.
RSI indicate that buyers have the upper hand.
Stochastic is on the move up to reflect bullish pressure.
More positive updates in South Korea regarding the operation of bitcoin exchanges support the bullish wave.
Note, Breaking 10700.00 level and hold below it, will cancel the bullish wave as the bullish trend will remain valid unless clear break below this level.
Expected trading for today:
is between 10700.00 support and 13400.00 resistance.
Expected trend for today:
Bullish.
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I think most of bitcoins movements are based off of regulation news from around the world right now. It obviously needs a break after the huge run it had and for now I suppose it can rest for some time before it builds up enough pressure for another moon shot.
was hoping it would pass the $13000 over the weekend but yesterday was a red market day and it failed to crossed the resistance line, hoping this week it will go bullish
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@lordoftruth wow sir great article bitcoin promote help you are article thank for shear
Nice article i hope this week it will go bullish
your price prediction is so close...........thank for sharing
What do u think about sbd? will grow??
Yes, sbd first and than steem usually follows soon after SBD.
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