Time: 6 A.M. / GM+2 / 25th Feb, 2018 – Sun.
As expected, the support 9.6K was broken and bitcoin price hit 9.35K few hours ago. I wrote yesterday "I believe bitcoin price will hit 9.2K" and the low was 9.35K. Feel free to / Check The Post 506 /
As the right shoulder of reverse H&S pattern was formed, I BGT at 9.37K.
So the third call for 2018 is buy call / Yes, we BGT at 9.37K !
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 9.55K at time of writing and the trend for today is slighty bullish.
The right shoulder of IHS was formed, and the ball now is on the bull court. So upside continuation should follow to push the price up / at least 5/8 resistance area / and mostly the target will be around to 14.5-15K.
Note. If any decline will happen from this level, I believe the support close to 200DMA at 8.7K will hold.
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..
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What You Know About --> Fibonacci Retracement in Trending Market.