Bitcoin Trend / 05-09-2017

in #bitcoin7 years ago (edited)


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bitcoin last.jpeg
 Expected trading for today is between 3793  support and 4345 resistance.  

Few months ago I posted:
"Do not sell, the new rally will move the price to $3,350
before the end of this year and then $4,480 ."

Feel free to check my post Here


Three weeks ago, I wrote :
"EMA50 might push the price from 4480.00 to test 23.6% Fibonacci correction level at 3793.00 before attempting to return to rise.."

As you see the 3793.00 was tested..
As expected bitcoin surpasses 4480.00 to 4.600.00 and touch main target at 4970.00 and bounced downwards from there,
because the huge sell toward 4195.00 level..

So What Next !

5.jpeg

Bitcoin begins with more negativity to break 4195.00
and attempts to hold below it..
Bitcoin completed forming bearish pattern to put
the price under more pressure..
Bearish correction toawrd 3793.00 is expected..
Breaching 4236.00 will stop the expected decline..
If 3793.00 is broken, bitcoin will move to 2500.00..

Expected trading
for today is between 3793.00 support and 4345.00 resistance.
Expected trend for today: Bearish.

To read more go to:

Source

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Good analysis my friend...upped

killin it on steemit

This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond Please consider upvoting this comment as this project is supported only by your upvotes!

This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond Please consider upvoting this comment as this project is supported only by your upvotes!

wow,.....nice info,.........i like it,.....follow me, please

If your right, a LOT of people will be buying in at the 2500.00 area, everyone will freak out at it decline, many may jump ship, but those who have patience will hold and when the time is right buy more, or put the money into gold and silver which is moving up, maybe even steem! lots of things can happen, and it is.
Great post!

buy time ??