Sunday, February 26, 2017

Bitcoin Trend 27-02-2017

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Bitcoin price managed to recover and trade positively to settle above the short term bullish channel’s resistance, which supports the continuation of the bullish trend expectations, targeting 1380.00 levels mainly, where the price gets continuous positive support from the EMA50.


We should be aware that breaking 1163.00 level will put the price under negative pressure to push the trading to a potential test to 1100.00 level before it returns to rise again, taking into consideration that breaking the last level will push the price to visit the bullish channel’s support at 1015.00 before any new attempt to rise.

Expected trading range for today is between 1060.00 support and 1270.00 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.