Bitcoin Trend / 16 - 01 - 2018 by lordoftruth

bitcoin · @lordoftruth · Jan 16 '18

$67.83

Bitcoin Trend / 16 - 01 - 2018

<center>![bitcoin.png](https://steemitimages.com/DQmRihgbdvK8kEE4c8FA3hW33v4z84enDz7nLeGbd2qQqn5/bitcoin.png)<blockquote>&nbsp;Expected trading for today is between 12400.00 &nbsp;support 
and 14400.00 resistance&nbsp;&nbsp;</blockquote></center>

 </center> <center> 
Bitcoin price went up back on Monday and rallied, 
but now the price is back to test 13100.00 level.
 </center>

<center>
![ooo.jpeg](https://steemitimages.com/DQmdLvqUcKCfufwSAiSTqoKxVMaNPGdqq3767UfVsVdP1qy/ooo.jpeg)
</center>

<center>So What Next!</center>

<center>![16.jpeg](https://steemitimages.com/DQmVdTdWDHguEd9DyreBMNjS3NXYm3bArbeU45RgH8kCtMR/16.jpeg)</center>

- Bitcoin price now is around 13100.00 and still under negative pressure supported by EMA50. Breaking below this level and hold below it will move the price to 12400.00 level, but holding above it will lead again to a bonus and consolidation towards 14400.00 level.

- 100 SMA is  below  200 SMA so the downside is more likely to continue than to reverse.

- RSI indicate that sellers have the upper hand. 

- Stochastic is turning down to reflect bearish pressure.

- South Korea’s plans are leading investors to liquidate their long positions. 

- Note, Breaching 14400.00 level and hold above it, will cancel the bearish wave and will push the price to resume the  main bullish trend.

Expected trading for today:
is between 12400.00 support and 14400.00 resistance.

Expected trend for today: 
Bearish.

<center><a href="http://www.economies.com/forex/btc-usd-analysis/bitcoin-breaks-the-support-%E2%80%93-analysis---16-01-2018-46662"> Source</a></center>

<center>YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED. 
<center>![lord1.png](https://steemitimages.com/DQmf3bZc2GYHmR77EYUM86wVLL3enNVJRitLFJSSy3DjiDz/lord1.png)

<p><a href="https://steemit.com/bitcoin/@lordoftruth/fibonacci-retracement-in-trending-market"><strong> What You Know About&nbsp;--> Fibonacci Retracement in Trending Market.</strong></a> &nbsp;&nbsp;</p>

![fibo.jpeg](https://steemitimages.com/DQmbZAM93WbNsW1pZzuQKkT5FSmpacUeH6XBQRYVyWdUUuG/fibo.jpeg)

<p><a href="https://steemit.com/steemit/@lordoftruth/get-started-fast-with-steemit-for-new-steemains"><strong>If You Are New Steemain Read &nbsp;--> Get Started Fast with Steemit.</strong></a> &nbsp;&nbsp;</p>

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<p><a href="https://steemit.com/bitcoin/@lordoftruth/forex-education-center-volume-i"><strong>If You are New in Forex &nbsp;--> Read Forex Education Center / Volume I.</strong></a> &nbsp;&nbsp;&nbsp;</p>

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👍 jwolf, lordoftruth, jerrybanfield, postpromoter, doitvoluntarily, bobbylee, janusface, freiheit50, htliao, old-guy-photos, ajaub1962, funkit, clayboyn, dumar022, lazarescu.irinel, forexbrokr, charles1, arcange, animal-shelter, jaycobbell, tony-duke, sayee, alinabarbu, pentjosh, craftideas, cryptotax, rexusmo, steemsquad, thecoach, myfinanceteacher, raphaelle, travel-ok, anonimnotoriu, blazing, steemclaira, reign, theguruasia, nishaopt, kieranstone, mindsculptor, austinebizzy, soates, alhafidz, haejinfans, worldtour, aplek, hafez, steemitism, missrdx, cityslicker, doctor.steemit, rohit12123, untapentuoreja, setuakter, steem2000

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@missrdx · Jan 16 '18

Very nic post

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@michelhenry · Jan 16 '18

Thanks for sharing this high quality content with us !
Appreciate that

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@myfinanceteacher · Jan 16 '18

$0.67

Since the run that started in April, bitcoin has been going through significant pull back every 2 months. The drop from $19890 to $11000 was only 1 month mid-Nov drop. So we might finish the 2 month period soon and start a new climb. What is your opinion on this?

👍 lordoftruth, myfinanceteacher

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@lordoftruth · Jan 16 '18 (edited)

I hope this.. but for now let us see what will happen in South Korea and if the 12400.00 level / the start of fear zone/ will hold !!! or the 10700.00 / The start of crach zone will hold !!!

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@deybala · Jan 16 '18

Thanks a lot for sharing and discuss
About Bitcoin.
I think this time bitcoin some things demotion .
But some time after increase bitcoin .

Thanks for sharing news feed of bitcoin .

Carry on dear...

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@riyad11 · Jan 16 '18

its informative.i understand this blog...
thanks a lot..
pleaae procced...

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@mdarifk10 · Jan 16 '18

Thanks a lot for sharing and discuss
About Bitcoin.
I think this time bitcoin some things demotion .
But some time after increase bitcoin .

Thanks for sharing news feed of bitcoin

👍 mdarifk10

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@haejinfans · Jan 16 '18

https://media.giphy.com/media/igB2Th9e4nW6s/giphy.gif

👍 haejinfans

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@swpnl7 · Jan 16 '18 (edited)

Makes no sense.

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@haejinfans · Jan 16 '18

thats for you.. it makes sense for me...

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@setuakter · Jan 16 '18

nice post

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@steem2000 · Jan 16 '18

@lordoftruth Wow Jerry that was a lot of work, thank you!
 I will check them out when I get home this evening and can sit down and read

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@ricmark · Jan 16 '18

keep sharing . more power!

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@enigma84 · Jan 16 '18

Thank you for your everyday analysis about bitcon price, I wish you a great day dear friend)

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@steemclaira · Jan 16 '18

thanks for sharing :)

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@tony-duke · Jan 16 '18

Thanks for the information,,, btc seems to be having a lot of dump right now

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@swpnl7 · Jan 16 '18

I think bitcoin already hit its bottom point i.e $11000. Nowadays Bitcoin is like an asset take people like to possess, not for a transaction just because it is bitcoin. Now we have coins which work better than bitcoin in every term. Bitcoin is that candle which burned itself to show a path to other coins.
![bit&alt.jpg](https://steemitimages.com/DQmSCBfD6Asxx2kghiykkKH9wfVg9zYcoWPkwaiZUSFN3YG/bit%26alt.jpg) 
Image source:- https://dmania.lol/profile/carlos-cabeza

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@joendegz · Jan 16 '18

the rally would have continue upwards but the news from south Korea changed everything and all the market is red right now, hope things rebound soon

👍 joendegz

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@nishaopt · Jan 16 '18

Thank you for the update
-cheers-

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@xsasj · Jan 16 '18

Hope we will get back in the buy zone soon! I wanna wihdraw some coints but they dont have enough value yet.. Thanks for the update with expectations!

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@ryacha21 · Jan 16 '18

Nice prediction!

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@pawsdog · Jan 20 '18

<center>![filthy-stinking-thieves.jpg](https://steemitimages.com/DQmXu8PWDuf7ZV22GJ6TTLdtgQRtGvNeUjWdZz3Jg3Ya7EF/filthy-stinking-thieves.jpg)</center>

<center><h1> Rewards Pool Farmer Alert </h1></center>

<center>@Steemcleaners, check out the comments section of @ryacha21 above. (https://steemit.com/@ryacha21/comments) </center>



He is leasing 30k SP from @minnowbooster then using that to VOTE Up his own 7 Day old comments on random posts at the last minute. Scroll his comments to around the 6 day mark or just go to https://steemd.com/@ryacha21; he has a lot of self love on his own old comments.

HE IS DOING IT OVER AND OVER AND OVER.. He is farming the pool.. If you could help it would be appreciated..

Learn more about this sack of monkey spunk here: 

https://steemit.com/shitpost/@pawsdog/the-shit-post-diaries-1-17-18-4


<h2> Also kinda a dick move to use the actual good post of another person to post a comment for no other reason to come back and farm it later.</h2>


<h3>Post Author, @lordoftruth I do apologize.. This dude makes no actual articles of his own so the only way to draw attention to what he is doing is to comment his comments. My sincerest apologies for cluttering up your blog, outing the abusive self voting behavior of @ryacha21 </h3>

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@hafez · Jan 16 '18

bitcoin is one of the biggest opportunities since the invention of the internet itself.... great times to be around....

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@doctor.steemit · Jan 16 '18

That is the best post in Steemit.. now I vote for you.. nice? :)

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@postpromoter · Jan 16 '18

re-lordoftruth-bitcoin-trend-16-01-2018-20180116t085515962z

You got a 1.92% upvote from @postpromoter courtesy of @lordoftruth! Want to promote your posts too? Check out the [Steem Bot Tracker website](https://steembottracker.com) for more info. If you would like to support development of @postpromoter and the bot tracker please [vote for @yabapmatt for witness!](https://v2.steemconnect.com/sign/account-witness-vote?witness=yabapmatt&approve=1)

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@jerrybanfield · Jan 16 '18

re-lordoftruth-bitcoin-trend-16-01-2018-20180116t092731583z

Thank you @lordoftruth for making a transfer to me for an upvote of 5.97% on this post! Half of your bid goes to @budgets which [funds growth projects for Steem](https://steemit.com/budget/@jerrybanfield/introducing-steem-budget-proposals) like [our top 25 posts on Steem](https://steemit.com/budget/@jerrybanfield/the-top-25-steem-posts)!  The other half [helps holders of Steem power earn about 60% APR](https://steemit.com/budget/@jerrybanfield/new-automatic-daily-payouts-of-60-apr-for-steem-power-delegations) on a delegation to me!  For help, will you please visit [https://jerrybanfield.com/contact/](https://jerrybanfield.com/contact/) because I check my discord server daily?  To learn more about Steem, will you please use [http://steem.guide/](http://steem.guide) because this URL forwards to my most recently updated complete Steem tutorial?

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@old-guy-photos · Jan 16 '18

$0.21

It’s broke 12 now. I wonder how much bearing that has on Steem being in the toilet now.

👍 lordoftruth

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@lordoftruth · Jan 16 '18

I think the 4.20 $ level ( steem) will hold..

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@freiheit50 · Jan 16 '18

$0.66

We are already in the fear zone, but I'm not afraid.

👍 lordoftruth

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@lordoftruth · Jan 16 '18

$0.40

Yes, we are in the fear zone now..
I am not afraid also..
I believe that the 10700.00 / The start of crach zone will hold and the market will find buyers around 10700.00 - 11100.00 range.

👍 freiheit50

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freiheit50	0 B		43,014,892,127	50%

@rohit12123 · Jan 16 '18

Informative post.Thanks a lot for sharing it

👍 rohit12123

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@blazing · Jan 16 '18

braked all the downward records today

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@cityslicker · Jan 16 '18

i am bearing with the market today

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