Tuesday, February 28, 2017

Bitcoin Trend 01-03-2017

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The tight range controls Bitcoin price in the last sessions, which fluctuates near 1190.00 level, which allows stochastic to get rid of its negative momentum and gain positive momentum on the four hours time frame, forming positive motive that we wait to assist to push the price to resume the main bullish trend.


Therefore, our bullish trend expectations will remain valid and active in the upcoming period, supported by the EMA50 that protect the trading within the bullish channel that appears in the image, waiting for targeting 1275.00 level as a first main station, reminding you that holding above 1145.00 is important for continuing the suggested rise.

Expected trading range for today is between 1145.00 support and 1275.00 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.