Time: 8.29 A.M. / GM+2 / 28th Feb, 2018 – Wed.
My friend @freiheit50, and some of you know about me that I am "Crypto Holder", and I do not sell my coins. But due to the tulburence on "Crypto Market" on Dec 2017, after we hit the top at 19.7K, I saw that the bitcoin markert start to move in Tandem With Stocks & Commodities. The reason why I became "Crypto Trader" ( I hold half of my capital and I trade half ).
On 2017; I SLD at 19.5K. On 2018; I BGT at 6.1K, I SLD at 11.65K and I BGT few days ago at 9.37K / Check The Post 506 / If you calculate the profit from trading ( 4 Calls ), you will see that is more better than holding. The road have been bumpy, with good money.
As I wrote in my last post / 511 / we are in Bullish Mode. "Bullish VOB" pattern on the weeky chart and "reverse H&S" pattern on the daily chart, confirm the climb, toward 15K.
Bitcoin price surpassed 10700.00 level as expected and settles above it. Check / The Trend Map 510 /. The price start to move toward the weak resistance at 11.7K and most likely, will open the way toward 12.8K the next days, to hit the target 14.5-15K, on the end of March.
Bitcoin is currently trading around 10.80K at time of writing and the trend for today is bullish, supported by:
- MACD Provide buy signals.
- 100 SMA is above 200 SMA so the upside move is more likely to continue.
- Stochastic is on the move up to suggest that buyers have the upper hand.
- RSI support the bullish pressure.
Support : 10150.00 level (Major).
Resistance : 11700.00 level (Major).
Expected trading for today:
is between 10150.00 support and 11700.00 resistance.
Expected trend for today :
Bullish.
Medium Term:
Bullish.
Long Term:
Bullish.
The low of 2018:
5947.00 / IHS Bottom.
The high of 2018:
25000.00 level / Expected.
