Time: 8.10 A.M. / GM+2 / 23rd Feb, 2018 – Fri.
Bitcoin is currently trading around 9.8K at time of writing and the trend for today is slighty bearish. But a pullback to 10.25K level could happen before the selling pressure lead the price to 8.7-9.2K!
A dying star flashes real bright now, to confirm the bear action, but based on the head and shoulders pattern on 4-hour chart, that was formed on the last 24 hour / February 21, I believe bitcoin price will hit 9.2K on Feb 24-27, and the natural rollback to 8.7- 9.2K, will be followed by upward move to hit 14.5-15K.
Expected trading for today:
is between 8700.00 support and 10700.00 resistance.
Expected trend for today :
Slighty Bearish.
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.
