Sunday, January 22, 2017

Bitcoin Trend 23-01-2017

Bitcoin price attempted to break the intraday bullish channel's support but the EMA50 succeeded to form solid support base that stopped the price negative attempt, to rebound bullishly and attempt to return to the bullish channel again, which supports the continuation of the bullish trend scenario on the intraday and short term basis.


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Stochastic provides clear positive signals on the four hours' time frame, which reinforce the chances of achieving more gains in the upcoming period, noting that the waited targets begin at 990.00 and extend to 1050.00, while the price needs to hold above 851.00 to continue the suggested positive scenario.
 

Expected trading range for today is between 
885.00 support and 1000.00 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.