Bitcoin Trend Series / EP. 533 / Hold Your Breath & Time To Jump
Time: 7.36 A.M. / GM+2 / 18th Mar, 2018 –Sun.
In our previous post / 532 / we had forecast the trading range will be between 7.30K and 8.70K, the intraday high was 8.36K, and the low was 7.53K.
And as we said in our last update:
"Another push down toward 7.55 K is expected to mark the end of correction and beginning of upside move".
The 7.55K level was tested, there is no volume, its just the pre effect of G20 summit but aftermath, a jump to the upside is expected.
Hold your breath, A jump from 7.5K to 8.6K is expected, followed by 9.4K. As I believe, an aggressive buying pattern will take start around the bottom 7.50K.
Note; Clear break below 7.362K ( Close to 78.6% Fibonacci retracement ) will cancel our forecast.
Support : 7300.00 level (Major).
Resistance : 8700.00 level (Major).
Expected trading for today:
is between 7300.00 support and 8700.00 resistance.
Expected trend for today :
Slighty Bullish
Medium Term:
Bullish.
Long Term:
Bullish.
The low of 2018:
5947.00 / IHS Bottom.
The high of 2018:
25000.00 level / Expected.
FUD is everywhere... things not looking good at the moment...
hodl my friends
I like your optimism
Good report but responding to outside concerns FUD or not are are going much longer. I’m not giving up on bitcoin I’m simply saying we are into another bear market. 5K is coming. We will be able to buy more. It’s not all bad. But 6K support is gone after last bounce. We went up too fast and will find a bottom like we did in 2015 from $1200 to $175 or so. I think $2500-$4500 will be Landing.
I hope so.. I have been holding from 9k in hopes that it will rise.. :(
I sold at 17K
Held 10% of what I bought at $250 but sold 90% and I’m waiting till under 6K to start buying that back. It’s a bear market, bitcoin isn’t dead it’s just a bear market after massive bubble going up too high. Just remember this will be one of many corrections of 80% plus and anyone saying bitcoin is over is full of it! But definitely don’t spend all ur money buying more at 7K
Save some $ for even lower
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that jump is much needed too hold on to your hearts :D