Tuesday, February 21, 2017

Bitcoin Trend 22-02-2017

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Bitcoin price succeeded to confirm breaching the long term bullish channel’s resistance and settled above it, opening the way towards the continuation of the bullish trend in the upcoming period, reminding you that our next main target at 1139.90.

The EMA50 keeps providing positive support for the price, reinforcing the continuation of the bullish trend on the short and medium term basis, pointing that the next targets reach to the historical top at 1163.00, while the price needs to settle above 1090.00 and 1065.00 levels for the continuation of the waited bullish momentum.

Expected trading range for today is between 1090.00 support and 1163.00 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.