Time: 1.10 P.M. / GM+2 / 27th Feb, 2018 – Tues.
If you check the weekly chart you will see the below rare pattern.
The market is working on "Bullish VOB".
To conclude:
The above pattern on the weeky chart and the below reverse H&S pattern on the daily chart, confirm the climb, toward 15K.
What about the rest of day !
Bitcoin is currently trading around 10.66K at time of writing and the trend for the rest of day is bullish, supported by:
- SMA.
- Stochastic.
- RSI.
Note; What really boosted bitcoin price was the news that cross-border currency exchange company circle acquired Poloniex.
Support : 9500.00 level (Major).
Resistance : 11000.00 level (Major).
Expected trading for the rest of day:
is between 9500.00 support and 11000.00 resistance.
Expected trend for the rest of day :
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..
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.
