Wednesday, March 1, 2017

Bitcoin Trend 02-03-2017

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Bitcoin price traded positively yesterday to breach 1200.00 barrier and settles above it, which supports the continuation of the main bullish trend, organized inside the bullish channel that appears on chart, waiting for more rise to visit 1275.00 level mainly.

The EMA50 keeps supporting the suggested bullish wave, which its targets extend to go further towards 1380.00 after breaching the above mentioned level, while the expected rise will remain valid unless breaking 1265.00 level and holding below it.

Expected trading range for today is between 1165.00 support and 1300.00 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.