Bitcoin price prediction and news of date 10th August 2018

in #bitcoin6 years ago
  • As before tends that our major target as per butterfly pattern $4444.

  • As above mention that bitcoin mining prices tends to $5782/BTC.

  • and we hope that it is difficult to test $4444 because mining expence are Fundamental barrier.

            MARKET FACTOR
    
  • crypto market is behave like big pump and dump. When negative ETF news than Bitcoin and Alt coin price is dump and market start bleeading.

Screenshot_20180810-120220.jpg

  • commonwealth bank of Australia won a mandate fron the world bank to raaising pioniring bond of block chain for mining and trading.

      TECHNICAL FACOTOR
    
  • In previous we forcast trading range between $5782 to $6210.

  • The intraday low was $6183 and high was $6628.

  • bitcoin price extended losses to $ 6183 is now getting rebonding around $ 6510. Before geeting upside it is down toward $6039. As we predict in 4H chart.

  • RSI inficate and stochastic indicator show that the trens is pressurely bearish and the support zone is $6039.

  • and be aware that if it break $6039 than it have a chance to go down toward $5782 because pressure toward $5500.

Screenshot_20180810-120234.jpg

Market trend is bearish unless it reach to $6800.

Today trading range between

1st support level $6039
1st resistance level $6510

2nd support level $5782
2nd resistance level $6800

  • Expected trading range between $6039 to $6510.

  • trend of today is bearish.

Thats all

All information are only for educational purpose
Trade according to your capacity to loss.

If you have any querry comment me.
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@suratcorporate

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Makes sense. Personally I'm happy it's bearish for now. Gives me time to buy some while it's relatively low. Personally i think if you think long term Bitcoin is currently undervalued.

@samutaihedgehog yahh because of wales , all things are opposite happen. So if you want to hold Bitcoin for long time , you definately get more profit . If you day trader than you have to think and trade according all charts and news