Time: 9.03 A.M. / GM+2 / 13th July 2018 – Fri.
In our previous post / 651 / we had forecast the trading range will be between 6.039K & 6.705K. The intraday low was 6.079K and the high was 6.337K.
As expected, Bitcoin price declined exactly from Projected Resistance 6.842K, and was stopped around 6.079K.
The Inverse Head & Shoulders Pattern continues to remain in play as long as the bears is unable to push the right shoulder below the neckline located at 6.039K, adding strong possibility of the pattern, to show upside bounce towards 7.021K, supported by Stochastic Positivity, before any new attempt to decline again.
Incredible Uphill Battle Between 6.039K & 7.021K!
- Weekly Setups stands the same and our major target of AB-CD Pattern around 4.300K still valid as long as the price below 7.021K.
Sentiment
Based on the above
The trend is Slighty bullish for today.
Support 1: 6039.000 level.
Resistance1 : 6705.00 level.
Support 2: 5780.000 level.
Resistance2 : 6842.000 level.
Expected trading for today:
is between 6039.00 and 6705.00.
Expected trend for today :
Slighty Bullish.
Medium Term:
Bearish.
Long Term:
Bullish.
The low of 2018:
4267.00 / Expected.
The high of 2018 (BitcoinTrader's Year):
14469.00 / Expected.
The low of 2019: ???
The high of 2019 (Bitcoin Holder's Year):
36000.00 level / Expected.
YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.
Writing a series means playing a long game,
investing considerable time and effort up front in
hopes of considerable returns down the road.
I'm so proud of my little blog, and so grateful to all of you
for support to keep it going.
If You are New in Trading --> Read Trading Education Center / Volume I.
What You Know About --> Fibonacci Retracement in Trending Market.
