Tuesday, January 31, 2017

Bitcoin Trend 01-02-2017

Bitcoin price succeeded to breach the neckline of the inverted head and shoulders' pattern that appears on chart, to activate the positive effect of this pattern, which forms positive motive that supports the chances of heading towards our next main target at 1068.00, noting that the full targets of the mentioned pattern reach to 1110.00.

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Therefore, our bullish overview will remain valid efficiently in the upcoming period, noting that the continuation of the expected rise depends on the stability above 933.00 and the most important above 851.00.





Expected trading range for today is between 
930.00 support and 1068.00 resistance.

Expected trend for today: Bullish

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YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS 
TO BUY OR SELL BITCOIN, GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED. 
 Do your own due diligence. 
No one knows tomorrow's price or circumstance. 
 I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader. 
I do not accept responsibility for being incorrect in my speculations on market trend.