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Monday, January 23, 2017

Bitcoin Trend 24-01-2017

Bitcoin price made new test to the EMA50 that proved its strength against the negative pressure, and the price rebounds bullishly in attempt to resume the main bullish trend, while stochastic provides clear positive signal on the four hours' time frame.


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Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming period, reminding you that the waited targets begin at 990.00 and extend to 1050.00, while achieving them conditions holding above 851.00.
 

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.