Time: 8.30 A.M. / GM+2 / 26th Feb, 2018 – Mon.
If you check over the net, you can see prediction ranging from $0 to $25K by the end of the quarter. Few with the bull run, most with the bear run! Everyone can read a chart but a little can trade or make a call!
Like a thief at night, in the twinkling of an eye, I wrote 5 days ago: "The bulls will back in control after complete the formation of the large inverted head and shoulders"/ Check The Post 502 /.
As the right shoulder of reverse H&S pattern was formed, I BGT at 9.37K, and I went up with the third call for 2018 / Check The Post 507 /.
A lot did not see the pattern and few / that they saw it so later / think, that pattern is to early to be called. Everytime for them is so early!
Maybe as trader, I see what they did not see, maybe I am wrong, but this is the way that I trade, do your own due diligence!
No one knows tomorrow's price or circumstance. I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader. I do not accept responsibility for being incorrect in my speculations on market trend.
So What Next !
Bitcoin is currently trading around 9.56K at time of writing and the trend for today is slighty bullish. But a small decline might lead the price to test 8.7K level / close to 200DMA / supported by :
- 4-hours MACD.
- 4-hours RSI.
Followed by upside continuation / at least 5/8 resistance area / to hit the target 14.5-15K, on the end of March.
Note; Keep in mind, bitcoin price is trading like stocks and commodities.
Support I: 9300.00 level (Major).
Support II: 8700.00 level.
Resistance I: 10000.00 level (Major).
Resistance II: 10700.00 level.
Expected trading for today:
is between 8700.00 support and 10700.00 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.
Thanks For Reading..
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.