Bitcoin Trend / 24-12-2017

in #bitcoin7 years ago

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On 22 Dec I wrote :

Breaking 13000.00 and hold below it will push the price towards 11600.00, followed by 10800.00 level.

On 23 Dec I wrote :

The recovery was expected but the gains are likely to be limited to 14500.00, as breaching this level and hold above it will push the price towards 15500.00 level.

So What Next!

  • The price now around 13400.00 and if continue to move down, will be more slides toward 12000.00 level. If the price move up, will be limited to 14700.00 level.

  • The trend still bearish and the price need to breach 15500.00 level and hold above it to cancel the bearish pressure. But I do not think, the price can breach major resistance near 15500.00 level at this stage based on technical indicators.

Expected trading for today :
is between 12000.00 support and 15500.00 resistance.

Expected trend for today:
Bearish.

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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ahhh, the balance in the force is being restored ;-)happy xmas @lordoftruth, and thank you for your ongoing and regular predictions!

I don't normally follow people but. like the extra tutorials on the end. will watch. upvote man

Now. I know. Thanks you for your advice . Nice

Thanks for support

Thanks for the info, I love consolidation periods like these! They're the perfect time to snag some more coin while everyone FUDs out of their positions!

Thanks for the heads up!

thanks for upvote and resteem.

very useful information about btc.love to read it

Wow" gd news & thanx you so much my dear @lordoftruth for sharing with us have nice day.

Outstanding analysis about bitcoin trading market and Cryptocurrency. We are waiting for the next. Follow and upvoted you. Merry Christmas

what about bch dude alot of peopls saying bch gonna beat btc :(

Amazing change of bitcoin. Especially thanks for providing bitcoin. Updating ..best of luck...

I think it would break the 11k support and dip further, maybe close to 8-9k. But I am an amateur at this. :D

Yeah totally agree with you, check here why!

Time for Christmas 🎄 Shopping..😊
Waiting for support..
Upvoted and cheers..

Thank you for your advice! I still keep the hope the bitcoin will go up! Thank you :)

But don't think to quick. My analysis that the bottom of the correction will be in $10.5k to $9k.

Check it out!

Hmmm okay.. Thats a good moment to buy right? I will at least wait until I can change my sbd :) than I will probably invest more in bitcoin!

Check out also BitShares exchange! https://wallet.bitshares.org

Here Is the reasons why! Check my post Why IRS can bust you on centralized exchanges and not on Bitshares!.

time to buy today at the dip :) thanks for sharing

But I advice to by in more separate trades using laddering approach. because a dip is expecting according my analysis in $10.5k to $9k range.

Yes bitcoin seems to take rest these days and correct itself. Thanx for your great support my friend.

Merry Christmas

Gift from me ☺
@Resteemed


upvotethanks for informations @lordoftruth

This post has received a 7.00 % upvote from @booster thanks to: @lordoftruth.

Thanks a lot for your info. Today i really search a prediction on bitcoin.i found that. Thanks again.

Good news and very useful for all of us ..
Thanks for sharing @lordoftruth

HODL mode on

The biggest problem of bitcoin is its market volatility. For investors it's a knife that cuts on both sides, but what we need is to institutionalize it so prices evolve in a more healthy way, hereby not changing its integrity. Having a firm like Goldman Sachs invest in it is a great step forward if you'd ask me. I expect more banks and investment firms jumping on the cryptotrain in 2018, giving it a more sustainable future.

looks like it can go more down with time

My prediction is $25k to $30k, se here why!