Tuesday, January 17, 2017

Bitcoin Trend 18-01-2017

Bitcoin price achieved strong gains yesterday to approach from 924.50 level that represents our first main target, showing some slight bearish bias affected by stochastic negativity, while the EMA50 keep providing the positive support to the price.


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Therefore, we are waiting to resume the bullish bias in the upcoming sessions, and breaching 924.50 will lead the price to visit the main bullish channel's resistance at 1050.00, reminding you that it is important to hold above 779.00 to continue the suggested positive scenario.


Expected trading range for today is between 
837.00 support and 970.00 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 BITCOIN, 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.