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.
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 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.