Expected trading for today is between 6800.00 support
and 9400.00 resistance
Following the recent consolidation phase, Bitcoin has suffered huge losses, and after breaking 10700.00 level / the Crash zone /, the price dipped to 8000.00 level yesterday and as expeted the price at 8000.00 support, attracted some buyers, the reason why the price tested the 9400.00 resistance, the short term trend still bearish and only breaching 9400.00 level and hold above it, will cancel the bearish wave.
Looking at bitcoin charts from 2010 - 2011 - 2012, you will see that is very similar to this year / dropped 60% /!!!
Let Us See What Next!
Bitcoin price now is around 8500.00 / the crash zone/, and in addition to the recent negative news / fraud fears and signs of heavier regulation /, Facebook is going to ban ads for ICOs, while in China bitcoin ads has disappeared from social media, so there is a high risk of testing again 8000.00 level, and bitcoin price may go even lower before finding a bottom.
The sad thing, there are 2 options but the option II is more likely!
/ I hope that I am wrong /:
Option I ( 35%): 8000.00 support will hold this time also and the price will move towards 9400.00 and reaching 9400.00 level and hold above it, will cancel the bearish trend and push the price towards 10700.00, followed by 11160.00 level.
Option II ( 65%): The price will move under 8000.00 support, to find the low of the year, and this will push the price deeply in the crash zone towards 6800.00 level around the middle of feb, before any new attempt to raise.
Expected trading for today:
is between 6800.00 support and 9400.00 resistance.
Expected trend for today :
Bearish.
Short term:
bearish.
Medium Term:
Bearish.
Long Term:
Bullish.
The low of the year:
Might be around 6800.00 level.
The high of the year:
Might be around 30000.00 level.
Great report my friend!!
Thanks my friend for support and resteem..
Have a great weekend..
I dont fear option II, even it is taking place. Did you look at the other markets (DJIA, Gold, Bonds, DAX)? All were deep red. Global stress in the market? Lack of liquidity? Deflation? This observation makes option II more likely.
And here no fear also mate
The both of option is good ( it is short term ) as any way we HODL..
Thanks for great support
Macd flipping over on the weekly. Game over. Fucking bankster fucks.
At this time, altcoin is the best option to invest in. For bitcoin, sit back and watch it going down to the lowest of this year.
The problem is many altcoins rise and fall with bitcoins reputation! I don't really see the market stabilizing before bitcoin does!
Well said
99% of altcoins follow the pattern of BTC but in much higher degree. You may see 60 % decrease in price of BTC but in 99 percent o ALTs, the decrease is in 4 to 8 folds. And the same goes for the increase that will follow after this dip. Remember that.
Useful and informative post thank you dear friend @lordoftruth
information really are increase our knowledge thanks for shareing
Thanks for your valuable and informative post.
We can take out a lot of information by 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.
great informative blog.i like your blog very much.thanks a lot for sharing this valuable and informative info.
please carry on sir....
Nice post beautiful presented and explained. detail oriented with nice cryptocurrency information. thank you for sharing @lordoftruth
i never ever thought BTC gonna down fall this way. i fell sorry for my friend who bought $10000 worth of btc on last year December.
interesting post to follow, it is very unfortunate price keeps moving down.
I so agree with this post, if we cant hold 8k its going to be a long ride back up to 20k, if it hits 6800 watch out you think people are panic selling now just wait and see what they do then. I really hope people start reading your post more with a open mind and actually learn something from you. Just hold your coins never give up -never give in. Thank you for this post the charts should help alot of people understand it all a little better.
Thank you for the upvote i appreciate it
Welcome..
Have a great weekend..
You also have a great weekend, if you dont mine me asking can you check out my blog and let me know how im doing im very new and could use some advice, im not asking for any upvote or resteem just your opinion would be great and highly appreciated
Trend looks positive today...
this is very informative blog .thanks to you for sharing..i praise
you..
Carry on
Thank you for news
I lost $1000 what should i do for profit?
Excellent information of bitcoin, good post, thanks for sharing
Good information, thanks for sharing
This post has received a 3.90 % upvote from @booster thanks to: @lordoftruth.
This is really a good article.
I will always pay attention to you and support you.
I hope you can pay attention to me and support me.
thank you
oH , This is sad news for all of currency.If bitcoin down then iwe face very crisis condition.
Have any good news for steemians ?
Yes dear you are right this news is bad for all users
Bitcoin investors have predicted this year (2018)
A lot more money is going to come into bitcoin, bitcoin will go up around $30,000-$35,000 this year & in next couple of years $100,000.....
So hold your horses it is gonna make us more rich than ever.......
This is not looking good. We need a comeback as soon as possible
Thanks for your analysis. Lets hope for some solid support and a great year ahead. Followed.
the closing candle pattern is yet to be seen i guess
Thanks.dis information s vital. It's jst bad how it's going 👇.wel I Lk forward to its bouncebck
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Thanks for the analyse !
Thank you lordoftruth for making a transfer to me for an upvote of 7.98% on this post!
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i am all in for the long term now
Steemit all the way.
Great post tnx for sharing I just upvoted.
Check out my new posts if you can plz
upvote resteem comment @gclipse
still in crash zone good time to buy hand full of bitcoins
What do you think of the MACDs 1 week period that crossed for the first time in this bull market? Doesn't it look like a trend reversal?
The high of the year wow that target :D
Thank you for sharing!