Monday, January 30, 2017

Bitcoin Trend 31-01-2017

The tight range dominates Bitcoin price recent trading, keeping its stability above the EMA50, and the price needs enough positive momentum to push trading to resume the bullish trend, which its targets begins by breaching the neckline of the inverted head and shoulders' pattern at 934.00 to open the way to head towards 1050.00.

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Therefore, our bullish overview will remain valid on the intraday and short term basis, reminding you that breaking 851.00 level will stop the expected rise and push the price to target 779.00 areas before any new positive attempt.


 

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.