BITCOIN. Return of the Jedi ."update"Technical Analysis "Price Forecast, Trends, and Predictions, support and resistance.

in #bitcoin7 years ago

Return of the Jedi

BITCOIN. Return of the Jedi .

"update"Technical Analysis "Price Forecast, Trends, and Predictions, support and resistance.

After the strong downtrend and heavy sell pressure finally the dual Support change the landscape and the feeling that the Return of the Jedi. is coming ..

There was some strong move higher but that move was not rejected. . The buyers have the upper edge. We will see if the buyers power push further up the pair .

btc_bull
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"BITCOIN"Technical Analysis "Price Forecast, Trends, and Predictions, support and resistance.

The Sell Volume has not strong enough to brake the dual support .
Strong up-trend and medium sell pressure builds on , the Support continues with the pair in a heavy up swing .

The bitcoin today remains on the possible heavy up-trend will extend strong .but some decline is expected if the sellers pressure power to push price down .

The Last price action and strong up-Swing Trend Patterns have probability of continuing up-ways and through the resistance zones .

the low sell volume has move the bitcoin price up and the up-trend is supported ,

In this case, we have a strong dual support on the bottom and a level of resistance ,the bitcoin buyers must penetrate through and successive break the resistance line . who act as barriers from preventing the price getting pushed in a up-trend direction...

if the price Break-Up of the resistance , and Depending on price action , the Return of the Jedi may be imminent. ..

{JS}

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