Bitcoin Trend / 02 - 02 - 2018

in #bitcoin • 7 years ago (edited)

bitcoin.png
 Expected trading for today is between 8000.00  support
and 9400.00 resistance  

The negative sentiment over the last week has translated to real weakness in price. The low of Jan 2018 at 9222.00 was broken. Right now, bitcoin is trading more than 50% down on its highs (19700.00 early January).

So What Next!


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  • Bitcoin price now is around 8500.00 / the crash zone/ the trend for today is bearish, supported by the negative pressure formed by the EMA50.

  • Technical indicators are giving mixed signals, but the price around 8000.00 - 8500.00 range, might attract the big buyers, so a bonus is expected.

  • RSI ready to pull up and stochastic reach to the oversold areas to suggest a bounce.

  • Breaching 9400.00 level and hold above it, will push the price towards 10700.00 level.

  • Breaking 8000.00 level and hold below it, will push the price deeply in the crash zone towards 6800.00 level.

Expected trading for today:
is between 8000.00 support and 9400.00 resistance.

Expected trend for today :
Bearish.

Source

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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#blog #cryptocurrency #money #trending
7 years ago in #bitcoin by
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    • [-]
     7 years ago 

    We just saw the bottom in the zone 7500 - 8000 .
    I'm very confident now.

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    [-]
     7 years ago 

    I Wrote few hours ago "the price around 8000.00 - 8500.00 range, might attract the big buyers, so a bonus is expected."
    You are right mate..
    Let us hope to breach 9400.00 level
    Thanks for support..
    Have a great weekend..

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    [-]
     7 years ago 

    Do you think Steem will finally find its own footing and not be as tied to Bitcoins price?

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    [-]
     7 years ago (edited)

    Steem Market is very young and I can not come up with any prediction..
    Thanks for support..
    Have a great weekend Mate..

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      [-]
       7 years ago 

      I m losing 200usd every hours

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      [-]
       7 years ago 

      That sucks man

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        [-]
         7 years ago 

        I've been following your posts for a while now. I don't know of you wouldn't mind me translating some of them to French.
        It will really be of much benefit to the new small upcoming French community.
        I would of course give you credit as the original author and put your link in the post.

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        [-]
         7 years ago 

        It is ok
        You can translate it
        Thanks for support

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          [-]
           7 years ago 

          Thanks😊
          On it

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            [-]
             7 years ago 

            amazing post I like this one too much

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              [-]
               7 years ago 

              If expected for today is still bearish, I guess I'll have to wait some more days before seeing Bitcoin to go up. I am looking forward to next week's bounce back.

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              [-]
               7 years ago (edited)

              Bitcoin is one of the biggest opportunities since the invention of the internet itself.... great times to be around....giphy.gif2.png

              [-]
               7 years ago 

              Thank for information. However, When I saw the BTC in this morning

              flood.gif

              [-]
               7 years ago 

              The new floor is $5k

              Article about my 5k call last week

              https://kryptous.com/bitcoin-crash-to-5k-says-dr-sol-adoni-the-prophet-of-crypto/

              Good news only coin I'm telling my investors to buy and hold now STEEM

              It's only crypto project with something of real value. This community rocks.

              Article on my bull prediction for 10x then 100x STEEM.

              https://kryptous.com/the-prophet-of-crypto-says-buy-hodl-steem/

              When the perp walk hits the media of the Tethers fraud gang aka bitfinex the exchanges collapse.

              Cold storage all non steem crypto.

              Steem u powerup.

              Steemit baby

              [-]
               7 years ago 

              The decrease is due to the investor that monitors a number of warnings from regulators and a growing crackdown on virtual currency market in China.