Free Bitcoin Price Trade Plan Forecast
August 06, 2018 - Sell Short Bitcoin - Profitable
Sell Short Entry: 7052.94 to 6898.30
Stop-Loss: 7490.90 to 7301.68
Take Profit Price Area: 6547.08 to 6498.45, 5995.94 to 5947.31
Always use stop-loss if the market reverses against your directional position.
August 17 2018 Bitcoin Analysis Update:
Bitcoin is rebounding from its near-term low of 5891.87 on August 13 which makes our recent Bitcoin trade plan above profitable. Bitcoin technical indicators are still very weak showing more distrubtion of the digital currency than accumlation of it currently.
Bitcoin Major Price Support Resistance Price Areas
Support: 5687.00 to 5644.00, 5106.44 to 5070.60, 4016.98 to 3995.48
Resistance: 6807.66 to 7359.47
May 22, 2018 - Sell Short Bitcoin - Profitable
Sell Short Entry: 8585.86 to 8347.88
Stop-Loss: 8883.01 to 8591.46
Take Profit Price Area: 7877.47 to 7757.16, 7203.73 to 7095.45, 6662.34 to 6566.09
June 04, 2018 - Sell Short Bitcoin - Profitable
Sell Entry: 8006.02 to 7606.75
Stop-Loss: 8591.46 to 8079.58
Take Profit Price Area: 7018.71 to 6951.39, 6670.90 to 6603.59, 5969.58 to 5913.59
June 19, 2018 - Sell Short Bitcoin- Profitable
Sell Entry: 6831.69 to 6672.19
Stop-Loss: 7177.80 to 6985.36
Take Profit Price Area: 6064.37 to 5994.61, 5725.52 to 5660.74, 5002.96 to 4948.14
June 27, 2018 - Sell Short Bitcoin - Hit Stop-Loss
Sell Entry: 6131.03 to 6,044.43
Stop-Loss: 6556.06 to 6344.46
Take Profit Price Area: 5492.10 to 5332.80, 4444.11 to 4326.73, 3706.32 to 3605.72
July 11, 2018 - Sell Short Bitcoin - Hit Stop-Loss July 17
Sell Entry: 6380.23 to 6292.57
Take Profit Price Area: 5631.48 to 5518.73, 5360.87 to 5252.63, 4706.90 to 4612.18
Cryptocurrencies Price Forecasts Service
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Stop-loss is a tool that you use to keep small losses from becoming large losses. Use it and profit in the long-term.
Buy Sell or Hold on Bitcoin Now?
August 15 2018 - Crunch Time Arrives for Bitcoin as Support Tested at $6,000 By Bloomberg
Technical analysis shows cryptocurrency flashing buy signals.
Dropped as low as $5,887 on Tuesday, down almost 60% this year.
The tea-leaves may be turning again for Bitcoin. Chart patterns and measures of momentum are hinting at support just as the latest swoon by the largest cryptocurrency heightens apprehension among speculators and true-believers.
Technical indicators may be well suited to projecting buy and sell signals for digital assets, because they trade on limited fundamentals and are susceptible to animal spirits, as the 2017 mania that saw Bitcoin’s market value jump from less than $1,000 to nearly $20,000 proved.
Bitcoin repeatedly tested levels near $6,000 this year, only to recover each time. On Tuesday, it dropped as low as $5,887. Meanwhile, the GTI Global Strength Indicator also proved prescient, issuing a sell-warning on July 30, just as a rally petered out -- it’s now flashing a buy signal.
While some traders have written Bitcoin off as last year’s news, enthusiasts believe the blockchain technology will shine through and that 2018’s drop is just a correction in the rally. Under the HODL banner, they encourage a buy-and-hold strategy, pointing to the fact that it previously dropped as much as 90 percent only to recover.
Ether way, it should be a white-knuckle ride.