Time: 12.05 A.M. / GM+2 / 16th July 2018 – Mon.
In our previous post / 654 / we had forecast the trading range will be between 6.039K & 6.420K. The intraday low was 6.292K and the high was 6.389K.
Conform 4H, there are some background for Short Term upside retracement, and Bitcoin price could support this action.
For Our Long Entry, we placed our SL at 6.039K as most likely the
price will breach 6.420K to start recovery attempts the target of 6.842K followed by 7.150K, supported by IH&S pattern shown on the below chart.
Note; If Bitcoin price will not be able to hold around 6.039K, the chances of drop below 5.780K will increase.
Weekly Setups stands the same and our major target of AB-CD Pattern is around 4.300K.
Sentiment
The trend is Bullish for today.
Support 1: 6039.000 level.
Resistance1 : 6420.00 level.
Support 2: 5780.000 level.
Resistance2 : 6842.000 level.
Expected trading for today:
is between 6039.00 and 6842.00.
Expected trend for today :
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.
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.
