As expected, Bitcoin faced some bearish correction to 5200.00 level after the strong bullish rally and now fluctuate above 5575.00 level.
So What Next..
Expected trading for the rest of day is between 5410.00 support and 6200.00 resistance.
Stochastic shows clear positive signals and support the bullish wave.
100 SMA is above 200 SMA so the uptrend is more likely to continue than to reverse.
Bitcoin try to test 5800.00 level supported by EMA50.
Holding above 5410.00 will lead the price to continue the expected rise.
Breaching 5800.00 barrier and hold above it, will push the price towards 6200.00.
Expected trading
for the rest day is between 5410.00 support and 6200.00 resistance.
Expected trend for the rest of day: Bullish.
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what's the best time you would suggest to buy in some :)
For now is so late and risky.
I BGT around 1800.00, 3000.00, 4700.00 and 5200.00.
and in past around 300.00, 450.00 and 900.00.
and I hold..
The next time I will let you know.
Just check Bitcoin Trend and read what I write.
Thanks for support.
Great update for bitcoin info and good analyses .
thanks for sharing
100% like and resteem
Thanks for update btc news.
Resteemed your post to make more customers.
Great news in bitcoin. thanks for the article.
Upvote Rresteem
I think bitcoin will rise now until 25th October, and then it will dump. Be careful..
Thanks for advice
Why do you feel Oct 25th is a correction date?
Good information
For your post propagation.
Upvote/Resteem
Hello @lordoftruth,
Lucky found you & your BTC analysis thread.
~@mywhale
@lordoftruth,
"Bullish" :/ It's hurt :D I was looking for a "Bearish" :D Great analysis friend!
Cheers~
@lordoftruth - Sir, nice mid analysis report... Love it Sir... BTC at $6,000... I want to see it there soon :*
+W+ [UpVoted & ReSteemed]
You got my vote and a resteem :]
This deserves some attention. Upvoted and resteemed :)
nice work @lordoftruth
Thank you for update
When can one buy at better time if may ask ? Follow U..can u follow me back to support my post..
Great job.thanks for share.
Next btc support was on 4800$
good
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Hi. Thank you for continuing to share thoughts on Bitcoin daily, it is helpful. One observation I made is that the premium of buying Bitcoin on the stock market through Bitcoin Investment Trust is narrowing from the 50-100% premium a couple months ago to 30% (26% if you factor in Coinbase credit card fee). I wonder what the stock's price action will be during upcoming Forks.
I was very impressed by this fast recovery. So I'm very optimistic to see levels above 6000 USD soon.
Thanks a lot for your daily information service.
I hope you are fine now again.
permise 1:
10% of the planet is familiar with bitcoin, 4% possess bitcoin, value of bitcoin over 5000$
permise 2:
eventually 100% will bi familiar with bitcoin, 40% will possess bitcoin
Conclusion:
whenever you buy bitcoin you will get profit in the end.
Statistics in this comments are hypothetical
Good job my friend @lordoftruth
$5800 seems to be a hard one to crack. It's hit that ceiling multiple times and if you count $5750 as close enough it's hit there a lot. Each time sellers have pushed the price back down a little.
Seems to be an uptick in volume the last 24 hours. Might be ready for the push past $5800. If so I agree $6200 will happen fast.
Shaken in recent months by internal shocks or hindered by China, the virtual currency Bitcoin has just beat its historic record by crossing the $ 5,000 threshold on Thursday, and may not stop there. Yesterday at 3:30 pm, the bitcoin was worth $ 5247.02 - a new historic high - against $ 4829.29 Wednesday at 9 pm, according to data compiled by Bloomberg.
At its launch in February 2009, a bitcoin cost just a few cents and even at the beginning of 2017, it was only $ 966. Since then, this self-regulated virtual currency, which preserves the anonymity of its owners, has constantly progressed. With some coughs, however, as mid-September when the bitcoin, already close to 5000 dollars, had dropped 40% after regulatory announcements from China. "There was a period of uncertainty but it did not last. China represents more than 60% of the exchanges and the question of their regulation, as everywhere, had a bigger impact ", recalls Greg Income, partner of the firm Bryan, Garnier & Co.
OMG...Btc trend is bearish ....
I think that is very good time for buy btc...
Thanks for sharing this valuble analyse with others..
Upvoted..
Cheers~~~
aaahan thanks for giving us pretty great analysis of bitcoin 😉
Good information
Upvote and comment > https://steem.ly/saifursujanbtc