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Monday, February 27, 2017

Bitcoin Trend 28-02-2017

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Bitcoin price made a new test to 1200.00 level without breaching it, showing some bearish bias and fluctuates near 1180.00, noticing that the price organized within new bullish channel that its lines appear in the above chart, which supports the continuation of the bullish trend on the intraday and short term basis.

Therefore, the bullish trend will remain preferred in the upcoming period supported by the EMA50, waiting for targeting levels that begin at 1275.00 and extend to go further towards 1380.00, being aware that breaking 1145.00 level will push the price to decline towards 1022.0 before any new attempt to 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.