Tuesday, January 10, 2017

Bitcoin Trend 11-01-2017

Bitcoin price continues to fluctuate within sideways track keeping its stability below 924.50 level, to keep the negative pressure valid on the intraday and short term basis, waiting to resume the bearish wave in the upcoming sessions to target 779.00 followed by 730.00 levels mainly.

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Stochastic positivity interprets the reasons of the current sideways fluctuation and the stop of the suggested bearish wave, reminding you that breaking 858.00 level will reinforce the expectations of continuing the suggested decline, while the expected bearish trend will remain valid and active unless we witnessed clear breach and hold above 924.50 level.



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.