Bitcoin Trend / 16-11-2017 Midday Update

[lordoftruth]

 Expected trading for the rest of day is between 7000.00  support and 7600.00 resistance  

Bitcoin keeps rising as expected and price swing higher to approach from 7600.00. EMA50 support the bullish wave but the other tech indicators suggest a drop. So there are still signs that bears around 7600.00 could start.

So What Next!

• Breaching 7600.00 level will move the price towards 8000.00.

• Holding above 7000.00 represents key condition to continue the expected rise.

• Breaking 7000.00 and hold below it will push the price to drop.

• EMA50 support the bullish wave.

• 100 SMA is below 200 SMA so the price is more likely to reverse
  than to continue the rally.

• Stochastic show that the bears remain on top of their game.

• RSI indicate that the bear in the cards.

Expected trading for the rest of day:
is between 7000.00 support and 7600.00 resistance.

Expected trend for the rest of day:
Bullish.

YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.

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Comments

[akcshat]

Bitcoin is get higher resulting low values in currencies.
When it would become stable!!!!
lord of Truth interesting post
upvoted and RESTEEM

[stmit]

Great update for bitcoin info and good analyses .
thanks for sharing
100% like and resteem

[steveuk]

I think it's in another Bull Rise it will see the year out at another record high.

[pawansharma]

Thanks sir.

[hatimbenya]

I simply like your post @lordoftruth , great content and presentation, I'm new in Steemit and I read that article. Thanks for sharing this post.
@hatimbenya

[believeme]

Hey friend did you know the maximum value at which Bitcoin trade @lordoftruth

[zahidsun]

thanks for daily update

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[shagorshikder]

it's a important news...thank's for sharing...

[shavishtha]

Great graphic chart of bitcoin trend. thanks update in information.
Upvote Resteem

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[blazing]

Market cap is growing tremendously