Thursday, February 16, 2017

Bitcoin Trend 17-02-2017

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


Bitcoin price shows calm positive trading to move away gradually from the EMA50, heading towards our main waited target at the main bullish channel’s resistance, which located at 1085.00, pointing that stochastic current negativity decelerates the bullish wave.


In general, we keep preferring the bullish trend in the upcoming period unless breaking 1000.00 level, where breaking this level will push the price to test 964.00 then 930.00 levels before any new attempt to rise.


Expected trading range for today is between 1000.00 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.