Monday, January 9, 2017

Bitcoin Trend 10-01-2017

Bitcoin price shows sideways trading since yesterday settled below 924.50 level that forms an important resistance ceiling after it previous break, we wait for resuming the bearish trend in the upcoming sessions, and its next targets located at 779.00 then 730.00.

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Therefore, we keep preferring the bearish trend on the intraday and short term basis unless breaching 924.50 level and holding above it, pointing that stochastic positivity explains the reasons for the current sideways fluctuation.
 
Expected trading range for today is between 
779.00 support and 950.00 resistance.
Expected trend for today: Bearish


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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.