Time: 6.30 P.M. / GM+2 / 24th Feb, 2018 – Sat.
- Reminder of 2018 Calls -
- Buy call at 6.1 close to the bottom at 5.947K / We BGT at 6.1K.
- Sell Call at 11.65K / We SLD at 11.65 K.
Feel free to / Check The Post 501 /
- The Next Trading Signal -
- The third call for 2018 is buy call / Yes, will buy at 8.7-9.2K !
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 9.7K at time of writing and as expected, the support 10.7K, 10K was broken and the support 9.6K will be broken soon.
The trend for the rest of day is slighty bearish, and the selling pressure try to lead the price to break the support at 9.6K.
Based on the head and shoulders pattern on 4-hour chart ( The small chart on the cycle), I believe bitcoin price will hit 9.2K. We have to keep un eye to see what will happen around this level, as might the decline extend to 8.7K ( Strong Support ).
The right shoulder of IHS is in progress. Be ready as the big buyers will get on the market around 8.7- 9.2K. Today we are slighty bearish but I believe soon will be on the bull court after the appearance of the right shoulder of IHS.
Expected trading for the rest of day:
is between 8700.00 support and 10700.00 resistance.
Expected trend for the rest of day :
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.
