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Bitcoin Technical Analysis 2/13/18

BY: @bunlogic | CREATED: Feb. 13, 2018, 6:44 p.m. | VOTES: 5 | PAYOUT: $0.00 | [ VOTE ]

Bitcoin Technical Analysis 2/13/18
By: BunLogic

What a day! From the picture below we can see that the $9,000 resistance are putting the bulls to a completely stop. Not to say we can’t break this resistance, but this allows us to do some short term trades.[IMAGE: https://steemitimages.com/DQmXj33baTB4X8jZG5sFmrDwx1jK33hXdHwn13izR9Gv6Cx/btc1.JPG]

The $8,633 seems to be losing steem (teehee). We can see two scenarios here.

-Either a small up ward moment to test the ~8750 resistance
-or downward moment testing this upward trend line.
If BTC rallies around this trend line, we can see a quick up thrust surpassing the 8,700 zone. If volume doesn’t pick up We will end up testing this soft 8,307 resistance.

[IMAGE: https://steemitimages.com/DQmY1iUi4X7ExZKX4wc7i2Uu2vQpVCEECF5p5fbuVertuPY/btc2.JPG]

Thanks for reviewing my post, and please leave your feedback.

TAGS: [ #bitcoin ] [ #technical ] [ #analysis ] [ #bulls ] [ #graph ]

Replies

@bunlogic | Feb. 13, 2018, 9:53 p.m. | Votes: 0 | [ VOTE ]

If you were following this trade and bought at around the 8400 zone you should be at about 3.5% profit, you can either sell for profits, or add to your postion as we may be testing the trend line again.
[IMAGE: https://steemitimages.com/DQmcP7NwwRQbwNtdKf1raM46EJrZjvLLrtDf4yXCUmpvt8y/btc5.JPG]

@steemitboard | Feb. 14, 2018, 4:12 a.m. | Votes: 0 | [ VOTE ]

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@steemitboard | Feb. 12, 2019, 8:12 p.m. | Votes: 0 | [ VOTE ]

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@steemitboard | Feb. 12, 2020, 8:13 p.m. | Votes: 0 | [ VOTE ]

Congratulations @bunlogic! You received a personal award!

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