Thursday, January 26, 2017

Bitcoin Trend 27-01-2017

Bitcoin price shows calm positive trading since yesterday to move away gradually from the EMA50, and we still wait to attack the neckline of the inverted head and shoulders' pattern located at 936.00 to get strong positive motive that supports the continuation of the expected bullish trend on the intraday and short term basis.


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Therefore, we will continue to suggest the bullish trend in the upcoming period unless breaking 851.00 level and holding below it, noting that stochastic current negativity might force the price to provide some positive trading before resuming the bullish bias.


Expected trading range for today is between 
870.00 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.