Time: 7.45 A.M. / GM+2 / 3rdMay  2018  – Thurs.

Bitcoin price has been climbing in April towards 9.767K, as we expected on 24 April in our post <a href="https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-series-ep-572-possible-a-b-c-move-steem-bounty-reward">/ 572 /</a> and continues to  **fluctuate within the anemic range** of 8.999K - 9.292K. A deeper bearish correction from the current range, will be healthy for the bull trend on long term.

<center>**Market Factors**</center>

- Tax season recently came to an end, and there was much publicity about the taxability of cryptocurrency profits. Specifically, bitcoin is considered property and are therefore subject to capital gains tax, like stocks and other types of investments.  **You might owe tax on your bitcoins, even if you didn't sell them.** Fact You May Not Know! Keep this in mind, if you bought $100 worth of bitcoin years ago, and use it to buy a $1,500 computer, the $1,400 difference is also considered a capital gain. 

- Based on bitcoin history **( Sell in May and Go Away )** most likely the Bearish wave will continue. But this May will use the upcoming **pull back as a buy opportunity.** So keep a watchful eye out for opportunities to **Buy Mt. Gox Crypto Dip.**

<center>**Technical**</center>

- In our previous post  <a href="https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-series-ep-580-keep-watchful-eye-to-buy-mt-gox-crypto-dip-steem-bounty-reward">/ 580 /</a> we had forecast the trading range will be between 8.350K and 9.384K. The intraday high was 9.292K and the low was 8.999K.


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![11.jpeg](https://steemitimages.com/DQmVpu7HQXEzf6mCHmYKtNhZqYbSbwjkJsw71mZXyKndJPy/11.jpeg)
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- **No Change** in our forecast as we still expect that the price will visit the 7.50K - 8.00K ( Early May ) area to build our **Inverted Head  &  Shoulders Pattern**, as we wrote in our previous post <a href="https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-series-ep-573-reverse-h-and-s-pattern-steem-bounty-reward">/ 573 /</a> before the continuation of the bull trend towards 12.40K ( Early June ) and **only clear break or close above 9.911K will cancel our scenario.**

<center>**Sentiment**</center>
We will continue to suggest the  **Slighty Bearish Trend Associated With Swingy Move**  in the upcoming period conditioned by the price stability below April high at 9.767K. 

Support 1: 8643.000 level. 
Resistance1 : 9384.00 level. 

Support 2: 8350.000 level.
Resistance2 : 9767.000 level.

Expected trading for today:
is between 8350.00  and 9384.00.

Expected trend for today :  
Slighty Bearish.

Medium Term:
Bullish.

Long Term:
Bullish.

The low of 2018:
5947.00.

The high of 2018 (BitcoinTrader's Year):
12407.00 - 13660.00 Area / Expected.

The high of 2019 (Bitcoin Holder's Year):
25000.00 level / Expected.

<center>![Bounty.png](https://steemitimages.com/DQmVge1VcWmctzJjFQNoeoFWPMB1gTTsJn74Nd3T2SQwenf/Bounty.png)</center>

<center>**Remember in order to qualify for a @steem-bounty reward 
/ Project by @knircky & @famunger /** 
You must write a comment to the this post.</center>

<center>![10559903_827991603901191_6823467013727099018_n.jpg](https://steemitimages.com/DQmQTBMccrRbpvLorNMexqebRBEB1PBgHmRC8sdZRa5uzF5/10559903_827991603901191_6823467013727099018_n.jpg)</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>

<center>Writing a series means playing a long game,
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.
 </center>

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

<center><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; </center>


<center>![5000.gif](https://steemitimages.com/DQmNMekmCnhikkruHZ3ZyRxoQhRt8xL6evKhLM7HowKswQ9/5000.gif)</center>