Expected trading for today is between 9200.00 support
and 12400.00 resistance
Bitcoin price broke yesterday the 10000.00 level
and due the aggressive selling tested the 9200.00 level.
but a lot of investors as expevted, are buying bitcoin after
the slide, because they expect it to rise in value.
- Bitcoin value now is sitting around 10900.00 level and the volatility of bitcoin / and other crypto currencies / still expected, due a lot of panic in the market:
- With South Korea, Japan and China about a regulatory swoop.
- With officials in France and the United States vowing to investigate cryptocurrencies, there are concerns that global coordination on how to regulate them will accelerate.
I wrote in my last post : "I believe the buyers will return around 10000.00 level and push the price again to the upside" and as expected a lot of investors bought at low prices around 9300.00 - 10000.00 range, the reason why I expect the WILD SWINGS to continue.
The trend is still bearish, but technical indicators suggest a return in bullish momentum that might move the price up towards 12400.00 level.
Expected trading for today:
is between 9200.00 support and 12400.00 resistance.
Expected trend for today:
Bearish.
What You Know About --> Fibonacci Retracement in Trending Market.
If You Are New Steemain Read --> Get Started Fast with Steemit.
If You are New in Forex --> Read Forex Education Center / Volume I.
If You Feel Invisible on Steemit --> Come and hang with us.
What You Know About --> Syrian Civil War.
most of the market are recovering trading in the green zone after a hellish week that saw the market lose more than$300B
Great analysis ! bitcoin is going to rise up , thanks for sharing a great post wit us ..
Nice post, keep them coming.
i think graph can upward but slowly
HODL is the secret.
Great and valuable information @lordoftruth!
Thanks for sharing this post.
Upvoted + Resteemed your post.
Here's $20 for supporting Steemit.
Just click the link to Join Monetize Coin
https://monetizecoin.com/?ref=5a566f9c2e4cd
Exactly the amount of info I need in the morning:) Thanks!
Informative post.Much obliged for sharing it.
Resteemed and upvoted
Time start investing :D @lordoftruth
thanks LORD for your Share :D may be i should call you "CoinLord" from now on :D
Guzel paylasim .
Good news for strong hands :)
Thanks a lot for sharing and discuss
About Bitcoin.
I think this time bitcoin some things demotion .
But some time after increase bitcoin .
Thanks for sharing news feed of bitcoin .
Carry on dear...
The World's First Bitcoin Billionaires Are Now the World's First Bitcoin Ex-billionaires. The Winklevoss Twins Have Seen About $600 Million Wiped Off Their Bitcoin Wealth in 2 Days.
Thank you @lordoftruth for making a transfer to me for an upvote of 5.20% 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! For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily? To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?
Good news is it is a good time to get new HODLer's into Bitcoin. The market might take a few more weeks to settle down to proper expectations with all the new tax and regulation laws being passed.
I want to get some cryptos but just waiting for a bigger price drop to get in
HOW MUCH WE STAY AWAY FROM THIS VOLATILE MARKET THAT MUCH CHANCES ARE THERE TO SURVIVE IN THE MARKET OR ELSE WE MAY WASHED OUT OUR FUNDS IN FOMO OF BITCOIN
Excellent analysis and thanks for telling us nice support and resistance levels of bitcoin, your analysis really help me to trade successfully, Stay blessed
its coming back up pheww that was a crash
This post has received a 4.53 % upvote from @booster thanks to: @lordoftruth.
$12K WOULD BE A TESTING TARGET FOR TODAY
south korea might regulate and prices will be more up
No trade zone
bearish momentum will get well soon i think