Bitcoin Trend / 11 - 02 - 2018 / The Grandfather

in #bitcoin7 years ago

Ask me how I feel!
I say: "I feel alright".

Most of analysts, are bearish and wait the wave 5 to lead the price to 4.5k !!! The problem is, if the support 6K will be broken, the price will not stop at 4.5k, the price will move more lower to test the next major support level at 3.01k, and this is unlikely.

Btc is the Grandfather, and most of coins will crash if bitcoin price break the low of 2018 at 6k.

The severe drop of bitcoin price towards 6k / 64% / is exactly the average decline over the last seven bear-market cycles, and is is totally normal, if we use history as an indicator. It seems like is about the right correction, everything will be kind and bitcoin market will start to climb in the next couple of days.

To can climb, the price must manage to clear the critical resistance level at 9.4k, because unless the bulls manage to break this level followed by 10.7k, the sellers will dominate the market.

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 Expected trading for today is between 7600.00  support and 9300.00 resistance  

What About Today !

  • Bitcoin price now is around 7900.00 level. The trend for today is slighty bullish, supported by a H&S bottom at 6k / 76.40% Fib, which already have held as a floor.

  • Another Swingy Day, swing range is between 7900.00 and 9200.00 levels. Yesterday, the swing direction was to the downside towards 7900.00 level. Today, the swing direction will be to the upside towards 9200.00 level.

  • Breaching 9300.00 level and hold above it, will push the price towards 10700.00 level.

  • Breaking 7600.00 level and hold below it, will push the price towards 6800.00 level.

Expected trading for today:
is between 7600.00 support and 9300.00 resistance.

Expected trend for today :
Slighty bullish.

Medium Term:
Bullish.

Long Term:
Bullish.

The low of 2018:
5947.00 / H&S bottom.

The high of 2018:
25000.00 level.

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.   

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lovely post upvoted you , it is super information blog

Many many thank you sir for info&would you like to help him @steemrobot he is very poor best of luck

Thanks for sharing information
BTC will go up soon its time to hold
Thanks for informing us
Keep it up I wish you all the best

They are all playing a big round of "going to Jerusalem", and everyone fears that the music is about to stop

thanks for the post...
glad to know that you are bullish in short, medium and long term :)
To the moon baby!

I love the way you guide people but I wana to see more posts on Steem dollars as well. Thank you so much.

Maybe btc price will dropped lower than $6k.
It's just droping and droping.

Btc: hold me tight, either you gonna loose me 😵
Me: honey i'm trying my best 😀😀
Btw thanks for your information.

I was looking at the past trends of bitcoin...it seems most of its big jumps have been in November and December, and if so, it’s likely not to break 20,000 before then, Am I mistaken?

You should see a significant rise in price in Mar-April July-Sept and Nov-Dec.

Thank you lordoftruth for making a transfer to me for an upvote of 6.54% on this post!

Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem!

The other half helps holders of Steem power earn about 60% APR on a delegation to me!

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Thanks for this information on bitcoin @lordoftruth ! im hoping for it to rise up again in March ! Upped and resteemed !😀💰💲💲💲

nice post.love to read it.....

your update is alwaseuseful usfull ,I always follow your post and update.good job.

steemit done....

very informative.

Maybe bitcoin price will dropped.
thanks for sharing.

Awesome post

i agree and just posted similar analyst

Good information for me @lordoftruth

This post has received a 10.30 % upvote from @booster thanks to: @lordoftruth.

There is a recent EW analysis written in German language by Andre Tiedje, a very experienced EW professional:
https://www.godmode-trader.de/artikel/bitcoin-rating-wurde-auf-to-da-moon-gesetzt,5744631

This article can give us very much confidence! Good news.

Bitcoin is leading the whole crypto network.
All other coins price depends upon the fluctuation of BTC.
Cheers!

Yeah.... Bitcoin behaves unpredictably, up and down. Do not worry) everything will be fine)))!

Can this really go more down than this trend

Seems to me to be taking a breather, kind just hanging out, waiting for direction.

it is super information blog....