Bitcoin price pushed on the EMA50 in
attempt to break it, but it returns to fluctuate around it now, as the
price gets positive factor through stochastic, which protects the price
from suffering more losses.
By taking a deeper look at the chart, we
find that the price is drawing an inverted head and shoulders' pattern
that its signs appear on image, which means that breaching 936.00 will
activate the positive effect of this pattern followed by leading the
price to rally towards 1050.00 areas direct.
Therefore, we will continue to suggest the bullish trend in the upcoming period, noting that holding above 851.00 represents key condition to continue the expected rise.
Expected trading range for today is between
880.00 support and 1000.00 resistance.
Expected trend for today: Bullish
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Official W3Coins Representative in East Europe & Middle East
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+40 734 277 757
- YOU WILL NEVER TRADE ALONE -
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL BITCOIN, GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
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.
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.
