Wednesday, January 4, 2017

Bitcoin Trend 05-01-2017

Bitcoin price continues to rally strongly to approach from our main waited target at the historical top at 1163.00, being aware that it is important to monitor the price behavior when reaching this level, due to the possibility to witness strong bearish rebound from there, noting that the EMA50 keeps providing the positive support to the price.

Therefore, the bullish trend will remain dominant in the upcoming sessions unless breaking 1037.00 and holding below it.

Expected trading range for today is between 1050.00 support and 1163.00 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 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.