Sunday, January 15, 2017

Bitcoin Trend 16-01-2017

Bitcoin price found difficulty to break 779.00 level, to trade positively and breach the falling wedge's resistance that confined trading since the beginning of this month, which forms positive factor that we expect to push the price to recover in the upcoming period, targeting 924.50 areas initially.

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Therefore, the bullish trend will remain suggested on the intraday and short term basis, noting that breaching the targeted level will extend the price gains to reach 1050.00 as a next main station, while the expected rise will remain valid unless breaking 779.00 level and holding below it.


Expected trading range for today is between 
779.00 support and 924.00 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.