Bitcoin Trend / Weekend Update

in #bitcoin • 7 years ago (edited)

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 Expected trading for weekend is between 5575.00  support and 6200.00 resistance  


Bitcoin has recovered swiftly from 5200.00 level and traders took this as an opportunity to buy at much cheaper levels and as expected the strong bullish pushed the price to 6052.00 level / 76.4% FIB Extension.

So What Next!

  • Traders BGT at 5200.00 levels and ride the uptrend which could last way past the next network upgrade / Hard Fork.

  • Geopolitical risk is propping bitcoin price up as uncertainties in Europe and New Zealand and Catalonia.

  • Bitcoin now around 6052.00 / 76.4% FIB Extension.

  • Bitcoin try to test 6200.00 level supported by EMA50.

  • 5575.00 level represents key condition to continue the expected rise towards 6200.00 level.

  • Breaching 6200.00 barrier and hold above it, will push the price to the next target at 6335.00 / 100% Full FIB Extension.

  • Breaking 5575.00 and hold below it, will cancel the expected rise.

Expected trading
for weekend is between 5575.00 support and 6200.00 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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#blog #cryptocurrency #money #trending
7 years ago in #bitcoin by
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     7 years ago (edited)

    i love reading your article @lordoftruth. im a newbie in trading and your post realy help me alot.

    @cleverbot

    [-]
     7 years ago 

    I like to hang out with friends, listen to music and watch tv.

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       7 years ago 

      This comment has received a 1.56 % upvote from @drotto thanks to: @banjo.

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        [-]
         7 years ago 

        Great post bro please vote me

        [-]
         7 years ago 

        @lordoftruth - I'm very happy now Sir.... As we thought BTC passed $6000... Nice analysis Sir... Therefore, I wish to ReSteem your post.

        +W+ [UpVoted & ReSteemed]

        [-]
         7 years ago 

        Great update for BTC analyses .
        thanks for sharing
        100% like and resteem

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          [-]
           7 years ago 

          BTC is going at a high value of 6000.2 and critics are saying that it will hit 10k.

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            [-]
             7 years ago 

            great information
            thank you for sharing

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              [-]
               7 years ago 

              We are going to be rich :D

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                 7 years ago 

                @cryptohustlin has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

                To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo
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To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memo
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                   7 years ago 

                  Good news..

                  For your post propagation.
                  Upvote/Resteem

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