24 hours ago, a new high formed at 11160.00 from where the price started correcting lower, as I expected in my last post, Natural Rollback To 10K. New support was formed at 10150.00. This support is very important because was a resistance earlier and it is located in a good buy zone
( 9700.00 - 10150.00).
Expected trading for today is between 9700.00 support and 12000.00 resistance
Bitcoin price now is around 10450.00 level and the trend for today is bullish supported by EMA50 and stochastic positivity.
The pull back might lead bitcoin price to re-test today, the support 10150.00 and I believe the range 9700.00 - 10150.00 is a safe buy entry.
From the range ( 9700.00 - 10150.00), bitcoin price will start to move toward 11160.00 followed by 12600.00 level ( Natural Progress)
supported by :
EMA50 and stochastic positivity
4-hours MACD
4-hours RSI
- After the new bottom that was formed at 5947.00 ( 200 DMA ) the price was tested yesterday the 11150.00 ( 100 DMA ) and the bullish momentum will try to lead the price to 12600.00 ( 50 DMA ).
Expected trading for today:
is between 9700.00 support and 12000.00 resistance.
Expected trend for today :
Bullish.
Medium Term:
Bullish.
Long Term:
Bullish.
The low of 2018:
5947.00 / H&S bottom.
The high of 2018:
25000.00 level.
Thanks For Reading..
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What You Know About --> Fibonacci Retracement in Trending Market.