Bitcoin Trend / 25 - 01 - 2018
Expected trading for today is between 10700.00 support
and 12400.00 resistance
Bitcoin price failed to break below the 10000.00
level creating a double bottom formation,
that might lead to a potential climb,
but technical indicators give mix signals.
Bitcoin price now is around 11600.00 / the fear zone/ and technical indicators give mix signals.
100 SMA is below 200 SMA so the downside is more likely to continue than to reverse.
Gap between moving averages signal bearish momentum.
Oscillator signal rally weakness.
RSI indicate that seller still have the upper hand.
Stochastic indicate bullish pressure.
Traders are still holding out for stronger catalysts that might sustain the climb.
Breaking 10700.00 level and hold below it will move the price toward 9300.00 level.
Breaching 11700.00 level and hold above it, will push the price towards 12800.00 level.
Expected trading for today:
is between 10700.00 support and 12400.00 resistance.
Expected trend for today: Neutral.
Depends on;
- Breaching 11700.00 / Bullish.
- Breaking 10700.00 / Bearish.
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Do you think the cme futures scam expiring jan 26 will release bitcoin from the bears!
I was also thinking about the CME futures expiration. But unlike when the CBOE was about to expire, it doesn't look like CME futures expiration is affecting the market prices as of now. I guess we'll just have to wait and see what will happen.
Very good post sir. Bitcoin prize is very high.thanks for sharing information.
Excellent technical analysis and yes bitcoin is still in fear zone and we might see it going down to 10700 mark, thanks for telling us support and resistance levels it really help me in day trading, Stay blessed
The 26th might bring another pull down due to CME futures expiration. Hopefully, after the 26th, bitcoin will finally start climbing higher. Are there any other potential events that might bring bitcoin down in February?
BTc is holding on steady and moving up , trading in the green zone which is still good , currently at $11500 and holding steady
it's gonna be better soon in a few weeks. we'll see 14-15ks
man I sure hope so! lets all pray it to the bitcoin god!
Dear lord Bitcoin, please go up and up and up and up and up and up and please don't go down! please answer my prayers and all the others!
Thank you lord bitcoin for everything and please bless us all with great gains, futures and happiness!
Thank you for sharing! The bitcoin market today is a bit bullish compared to when the CBOE was about to expire. I hope that the resistance zone be breached today so that I can start trading again. I am a bagholder for a week already that's why I can't resume day trading 😭
Excellent post.i love it.
Thanks for sharing
What a day for the STEEM crypto community!
I bought in just yesterday.
Don't forget to be smart with your profits.
Use the Cream Rule.