Bitcoin Trend / No. 511 / Bullish Mode By 2 Patterns

in #bitcoin7 years ago (edited)

Time: 1.10 P.M. / GM+2 / 27th Feb, 2018 – Tues.

If you check the weekly chart you will see the below rare pattern.
The market is working on "Bullish VOB".

vob.jpg

To conclude:
The above pattern on the weeky chart and the below reverse H&S pattern on the daily chart, confirm the climb, toward 15K.

123.gif

What about the rest of day !

Bitcoin is currently trading around 10.66K at time of writing and the trend for the rest of day is bullish, supported by:

  • SMA.
  • Stochastic.
  • RSI.

Note; What really boosted bitcoin price was the news that cross-border currency exchange company circle acquired Poloniex.

Support : 9500.00 level (Major).
Resistance : 11000.00 level (Major).

Expected trading for the rest of day:
is between 9500.00 support and 11000.00 resistance.

Expected trend for the rest of day :
Bullish.

Medium Term:
Bullish.

Long Term:
Bullish.

The low of 2018:
5947.00 / IHS Bottom.

The high of 2018:
25000.00 level / Expected.

Thanks For Reading..

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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This bull up there is you, master of all traders, what a calls for 2018 already, geniality in the simplicity, thanks for sharing your gut feelings here.

Happy to hear this..
Thanks for support and nice words..

I should invent Teddy Bull instead of Teddy Bear for my daughter to play with.

Thanks mate for continued support.

Small Teddy Bull Below
stuffed-bull-teddy.jpg

This means we are ready to moon right... :)

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great 😊 would love to take an entry at about 9600
thanks for your predictions and keep on

Bull are back sounds like. It seems BTC does not move drastically up or down as fast as back in Nov n Dec 2017, why?

takes some time before the sharks put all there orders in

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first pick is funny..

1st one is the best one!!
its too good!!

Really Great Content and thanks for your share..
Good Article....Keep going on and best of luck..

Oh my god, that is very interesting news (circle)!. I have a spot I'd like to get out and get back in but if what you say holds, i've still got a few days.

I have a question, this is from Gdax and I noticed the EMA lines are running together if you look at it on the monthly chart. On the weekly they come closer together and cross. Could you give me any insight on that?

Screenshot 2018-02-27 06.09.15.png

Thank you for the information, how useful it has been for me

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good inspiring....thanks.

Bull back into the game with single move reach new highs :D

@lordoftruth Excellent analysis friend and thanks for telling us nice support and resistance level's for today's trading, Stay blessed##Upvote/Resteem###