Bitcoin price continues to suffer strong losses to surpass our first
main target at 779.00 and settles below it, which puts the price under
more negative pressure that leads the price to visit our next main
target at the main bullish channel's support at 730.00.
Therefore, the bearish bias will remain suggested in the upcoming
sessions, being aware that it is important to monitor the price behavior
when reaching the targeted level, as breaking it represents negative
factor that will push the price to suffer more losses that reach to
656.00 as a next main station, while holding against the current
pressure will lead the price to attempt to rebound bullishly to continue
trading inside the main bullish channel, and the positive targets begin
at 924.50.
Expected trading range for today is between
700.00 support and 800.00 resistance.
Expected trend for today: Bearish
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- YOU WILL NEVER TRADE ALONE -
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
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.
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.