Time: 8.04 A.M. / GM+2 / 24th June 2018 – Sun.
In our post / 607 / dated on 29th May, we wrote;
We doubt the crucial support 7.100K - 7.210K area will hold as the 2 weekly bearish stop grabbers after breaking 7.614K, suggest drop below 6.519K, to test 5.878K reaching 4.300 area, where a Potential Bullish Reversal can take place.
In our post / 631 / we wrote;
The Accumulated Stops below 5.878K will be triggered, and the price will accelerate lower, right to our destination at 4.300K Area / Butterfly "Buy" that appears on the below chart, within less than 2 weeks.
In our previous post / 632 / we had forecast the trading range will be between 5.878K & 6.600K. The intraday low was 5.918K and the high was 6.259K.
Bitcoin price resumes its negative trading as we expected Below 6.039K, which supports the continuation of our bearish scenario, reminding you that breaking 5.878K level will push the price towards 5.500K as a next station.
- No Change to our bearish scenario, conditioned by the price stability Below 6.900K and when the Accumulated Stops will be triggered below 5.878K, the price will accelerate lower towards 5.500K, to reach our Final Destination at 4.300K Area / Butterfly "Buy" that appears on the below chart.
At press time, bitcoin price is around 5.950K and our Bearish Overview remain valid. Keep an watching eye ( Today ) on 5.878K.
For the short run:
It is going to be a little tough because they are stopping new accounts from coming in. But actually they are cleaning up the system, they are making sure it is more robust, making sure it is better for people.
We suggest / Bearish Trend / for today.
Support 1: 5878.000 level.
Resistance1 : 6600.00 level.
Support 2: 5500.000 level.
Resistance2 : 6900.000 level.
Expected trading for today:
is between 5500.00 and 6600.00.
Expected trend for today :
Bearish.
Medium Term:
Neutral.
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.
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.
