Bitcoin Trend / Weekend Update 16-17 Dec 2017

in #bitcoin7 years ago

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 Expected trading for weekend is between 17000.00  support and 20000.00 resistance  


"Bull Run" took up Bitcoin price to 50% Fib extension
at 17730.00 followed by 61.8% Fib extension at 18330.00 and now
the price above 18,862.00 / 76.4% Fib extension.

So What Next!

  • The price now around 19250.00 and technical indicators reflect bullish momentum that might lead the price towards 100 % Fib extension at 19880.00 / close to 20000.00 level.

  • 100 SMA is still above 200 SMA so the climb is more likely to continue than to reverse.

  • Stochastic indicate that the buyers are in control.

  • RSI in the overbought levels but no signs of a correction.

  • Moving averages / Gab / signal weak bullish momentum.

  • 4-hours MACD in the bullish zone.

  • Bitcoin price enjoy strong support as CME is expected to bring more investors.

  • Note, If sellers return, a deeper pullback could be underway and breaking 17000.00 and hold below it, will stop the bullish wave and will push the price towards 15000.00 level.

Expected trading for weekend:
is between 17000.00 support and 20000.00 resistance.

Expected trend for weekend:
Bullish.

Source

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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Im speechless right now! Thank u for your service!

The price might soon break 20000.00 due the monster bullish trend !!!

Now why do i totally believe you! So THIs is how crypto looks as it starts to go mainstream! Suddenly i have possibilities! :)

Im speechless right now! Thank u for your service!

great analysis. hope bitcoin will keep the momentum

great topic in bitcoin and good list.

excellent trending post.i like your crypto.

what a year with an amazing ROI dammmm just can't think about it :D

Great analysis information of bitcoin...thank you for your information...resteem

Excellent
Thanks for this great information
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wow you provide bitcoin trend updates thanks for this will be following :)

best analysis, I hope everyone trader will be benefited. thanks for sharing analysis
@lordoftruth

good analyzing information @lordoftruth. Thanks for sharing. i like your post and following updets.

I am indeed loving the uptrend of BTC .Hope it keeps it that way to rise !

Bitcoin price one year ago today: USD$780.85, representing a 2,360.52% increase. [NOW: USD$19,213.00]

Btcoin is a great coin in the world on online Income.Thats price is too much and its very important for every steem man.Its also Helpful and Useful coin.I also Hope everyone trader will be Benifited.Thanks for the information.Keep Going On that......👍👍👍

Great news! I just hope it to continue forever 😀

Really its my favourite earning soure.thanks for sharing analysis..

Bitcoin charts are not the usual old charts that have some predict abilities. With that being said I have no idea how this thing will go before we see a big retracement but, as usual it will go back to new highs shortly there after.

Bitcoin is a great blog with great interest

increasing your money @lordoftruth

Great analyse BTC trend Weekend.

bitcoin is my favourite coin..thank your for update news providing..all the best...

bitcoin is my favourite coin..thank your

thanks for sharing keep it up

Excellent update. Agree with you. Bull Run" took up Bitcoin price to 50% Fib extension
at 17730.00 followed by 61.8% Fib extension at 18330.00 and now
the price above 18,862.00 / 76.4% Fib extension.thanks for the post

more investors coming in soon with the launch of futures

Extraordinary examination. Trust bitcoin will keep the force @lordoftruth

wow that's good news man!!

Another Great one!!

Thanks for the analysis :D