Time: 7.07 A.M. / GM+2 / 10th Mar, 2018 – Sat.
In our previous post / 521 / we had forecast the trading range will be between 8.00K and 9.70K, the intraday high was 9.20K, and the low was 8.34K.
And as our prediction:
The bullish momentum is still present. The reason why I believe the price will visit the 8.50K- 8.00K zone today and will turn up ( strong rejection to the upside).
The price tested 8.34K / close to 61.8% retracement level of 8.2K, and turned up to 9.20K.
Recapitulation:
Bitcoin price was found 8.34K support close to 61.8% retracement . The trend is bullish, break of 9.420K with additional resistance sitting at 9.675K are expected.
We still believe the inverted head and shoulders pattern ( We did draw the above chart on Feb 21 ), have a big chance to push the price toward 10.7K, 11.7K, 12.8K, 13.7K to hit finally 15K before the end of march.
No blood bath..
The correction was over!
Bitcoin is currently trading around 9.25K at time of writing and the trend is bullish for today, conditioned by stability above 8.34K.
Swing Trading is expected between 8.7K and 9.7K.
Support : 8340.00 level (Major).
Resistance : 10150.00 level (Major).
Expected trading for today:
is between 8340.00 support and 10150.00 resistance.
Expected trend for today :
Bullish / Swingy
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.
