___  ___    _ _    _  _ _____   _____
 / __|/ _ \  | | |  | || |_ _\ \ / / __|
| (_ | (_) | |_  _| | __ || | \ V /| _|
 \___|\___/    |_|  |_||_|___| \_/ |___|

 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

BTC Update: Testing the trendline support

BY: @tradewithtechie | CREATED: March 8, 2018, 1:44 p.m. | VOTES: 7 | PAYOUT: $13.91 | [ VOTE ]

Summary:

Bitcoin has started its retracement towards the support level as i posted yesterday ( yesterday's post). Price is currently at the full swing 38% fib level bouncing of previous support and trendline at 9400ish level.

[IMAGE: https://steemitimages.com/DQmQ8QY9HGqT6EfKVANSWiR3UFMk43WSWYwDAnY4sTx3Nu6/image.png]

This confirms the fractal i was talking about yesterday is in play and we might see this pullback go a little deeper to 50% fib . MACD still has some roam to downside, But the price might start bouncing of this current 38% fib level too. We need to see volume come in to confirm this support.

Here are the probable paths.

[IMAGE: https://steemitimages.com/DQmPYiFuYSurbrJF8sE5PEGzMFMaopHJMaHyiQVvxH2FxMJ/image.png]

The neckline will act as resistance again when the price moves up, but it might be breached easier this time. I am still bullish and 17k target is not far away i guess. Complete picture with all details

[IMAGE: https://steemitimages.com/DQmWMHYU2x7Qrjd2oek2Y5ohbCu4Kz66nJjBJ6iqTyEbg2b/image.png]

If you like this post please Upvote, Follow and Resteem this post.
You can also follow me on twitter to get instant updates @Tradewithtechie

Disclaimer:

I am not a financial advisor, nor the information posted in this article is a financial advice. The information in this article is my personal opinion and is not recommended to make any investment transactions based on it. I do not take any responsibility for the investments made based on my analysis.

[IMAGE: https://steemitimages.com/DQmduMY9VUzzWegeeo5VXPKpMHuLQiajMrB2uyV8TMZ4kAs/steemURF1.gif]

[IMAGE: https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/steemURF.gif]

TAGS: [ #bitcoin ] [ #cryptocurrency ] [ #money ] [ #steemit ] [ #crypto ]

Replies

@upmewhale | March 8, 2018, 2:40 p.m. | Votes: 0 | [ VOTE ]

You got a 1.70% upvote from @upmewhale courtesy of @tradewithtechie! Earn 90% daily earning payout by delegating SP to @upmewhale.

@upmyvote | March 8, 2018, 3:16 p.m. | Votes: 0 | [ VOTE ]

You got a 2.81% upvote from @upmyvote courtesy of @tradewithtechie!
If you believe this post is spam or abuse, please report it to our Discord #abuse channel.

If you want to support our Curation Digest or our Spam & Abuse prevention efforts, please vote @themarkymark as witness.

@sneaky-ninja | March 8, 2018, 3:26 p.m. | Votes: 0 | [ VOTE ]

Sneaky Ninja Attack! You have been defended with a 1.76% vote... I was summoned by @tradewithtechie! I have done their bidding and now I will vanish...Whoosh

@postpromoter | March 9, 2018, 12:29 a.m. | Votes: 0 | [ VOTE ]

You got a 2.32% upvote from @postpromoter courtesy of @tradewithtechie!

Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

[ BACK TO TRENDING ] [ BACK TO MENU ]
CMD>