Mid-day analysis for Bitcoin price 22-09-2017 by ohamdache

bitcoin · @ohamdache · Sep 22 '17

$0.61

Mid-day analysis for Bitcoin price 22-09-2017

https://steemitimages.com/0x0/http://www.returnofkings.com/wp-content/uploads/2014/08/bitcoin-gold.jpg

![22-09-BTC.jpg](https://steemitimages.com/DQmREEY8B5QXy6txirxpkiDvyD5oV8Urj2qjD6HzZgiE7ny/22-09-BTC.jpg)

The price has formed a retest of the previously breached 3776.64 level and maintained its stability below it. The bearish trend remains valid for the coming period, and the main target resides at 3404.95, noting that SMA 50 continues to support the suggested bearish wave.

 

We note that a break of 3776.64 will stop the corrective correction and push the price back to regain its main upside move again.

 

The trading range for today is among the support at 3405.00 and resistance at 3900.00

 

The general trend for today is **bearish**

👍 pharesim, minnowsupport, ohamdache, dim753, lastminuteman, drotto, steemprentice, marvin2, stephen.king989, anasantiago, raymondspeaks, hilton200, gamerveda, amscarlet, onhung, rtswchs123, jano21, daniel83, leanadz, ahmadelhussein, spencer21, konti, gindor, jhermanbeans, pomperipossa, n1kofi, pusteblume, banjo, edrivegom, professorbromide, ch00fy, pkvlogs, cryptohustler, taica, steemitboard, bluchr, myday, tinashe, endaksi1, whatamidoing, decibel, numpypython, qwasert, timbalabuch, businesswri, markfitzgerald, jhagi.bhai, valth, beng05, nesbitt, eliashanna, jotmax, sixexgames

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@dim753 · Sep 22 '17

$0.04

Bearish yes but i think next week we can see the price over 3900 :)

👍 ohamdache

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@ohamdache · Sep 22 '17

Well we might see something different from my analysis (Hope so) but as technical analysis for the current Chart situation, it shows that we are going bearish. Hope not..

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@dim753 · Sep 22 '17

$0.04

Correct oham your analysis for today is perfect but the next week i feel btc will recover. Regards

👍 ohamdache

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@steemitboard · Sep 22 '17

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@minnowsupport · Sep 22 '17

<p>Congratulations!  This post has been upvoted from the communal account, @minnowsupport, by ohamdache from the Minnow Support Project.  It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso.  The goal is to help Steemit grow by supporting Minnows and creating a social network.  Please find us in the <a href="https://discord.gg/HYj4yvw">Peace, Abundance, and Liberty Network (PALnet) Discord Channel</a>.  It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.</p>

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@drotto · Sep 22 '17

<p>This post has received a 0.45 % upvote from @drotto thanks to: @banjo.</p>

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