Thursday, February 16, 2017

Bitcoin Trend 16-02-2017

https://richmondberks.com/?ref=rbd174309


Bitcoin price begins today’s trading with a bullish bias moving away from the EMA50, which supports the continuation of the bullish trend on the intraday and short term basis, and its next target located at 1085.00, reminding you that breaching this level will push the price to the full target of the head and shoulders pattern at 1110.00.
 

Therefore, we will keep preferring the bullish trend in the upcoming sessions conditioned by holding above 1000.00, where breaking this level will push the price to retest 930.00 levels directly before any new attempt to rise.

Expected trading range for today is between 980.00 support and 1085.00 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.