Bitcoin Trend / 05-10-2017

[lordoftruth]

 Expected trading for today is between 4000.00  support and 4500.00 resistance..  

Bitcoin price falls under negative pressure to move below 4236.00..

So What Next..

Contradiction Between Technical Factors

• EMA50 protect the price from suffering more losses, supported
  by stochastic positivity..

• RSI, on the other hand, is heading north so bitcoin price might
  follow suit..

• The gap between the moving averages is narrowing to hint at a potential downward crossover and return in bearish pressure..

• Geopolitical risk don’t seem enough to drive investors strongly
  towards bitcoin..

Note:
Breaching 4350.00 level and holding above it, represents
positive factor for bullish trend and will push the price to 4980.00..

Breaking 4205.00 level and holding below it, will push the price to continue to 3776.00 before any new attempt to rise..

Expected trading
for today is between 4000.00 support and 4500.00 resistance.
Expected trend for today: Depends on ( 4205.00- 4350.00 ) levels.

Stay Aside!!!

Source

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Comments

[steemwija]

@lordoftruth - Sir I hope to buy a BTC in upcoming week. Therefore, very valuable thing you are doing Sir <3

+W+ [UpVoted & ReSteemed]

[lordoftruth]

Thanks for resteem

[kizzbonez]

Thanks for the daily bitcoin update...

[madushanka]

Most important post @lordoftruth.
You always updating again & again about bitcoin market trend day wise from good maintaining post. We can choose many more methods after watch your blog. My pleasure.

[stmit]

Great graphic chart. good news for btc.
100% like and resteem

[theguruasia]

@lordoftruth,
I think BTC price will drop a bit again! Thanks for the analysis friend!

Cheers~

[lordoftruth]

Depends on ( 4205.00- 4350.00 ) levels.

[kingsberry]

Thank you very much sir for sharing bitcoin trend today with parallel graph.

[goldcoin]

Thanks for the update bitcion analysis .
@lordoftruth

[ico-guru]

Good Analysis
Bitcoin is surging after retesting its support level

[dinsha]

thanks a lot for the analysis..
Cheers!

[killerkuasha]

thanks for this information and this is great analysis....

[minnowpond]

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[djmalith]

[minnowpond1]

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[resteemia]

amigo #resteemia at your service

btc trend best reference.. impressive work @lordoftruth

ReSteemia
'UpVoted ReSteemed Commented'

[blazing]

where it is going to head now ?

[faisal79]

thanks for this information.............////////////