Wednesday, January 18, 2017

Bitcoin Trend 19-01-2017

Bitcoin price continues to rise on the intraday basis heading towards our first main waited target at 924.50, noticing that the price is organized inside bullish channel that its signs appear on chart, which reinforces the chances of achieving the mentioned target followed by breaching it to open the way to extend the bullish wave towards 1050.00.


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Therefore, we will continue to suggest the domination of the bullish trend in the upcoming period, supported by the EMA50, noticing that stochastic begins to overlap positively to add more confirmation to the continuation of the bullish rally, noting that holding above 851.00 represents key condition to continue rising today, as breaking this level will push the price to test 779.00 areas initially before any new attempt to rise.


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.