Thursday, March 2, 2017

Bitcoin Trend 03-03-2017 / Conference in Kiev

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Bitcoin price achieved good gains yesterday to approach from the bullish channel's resistance that rises now to 1310.00, forming the next main waited target of the current bullish wave, noting that breaching this level will extend the price gains to reach 1385.00.

In general, we will continue to suggest the bullish trend on the intraday and short term basis as long as the price is above 1175.00, organized inside the bullish channel that appears on chart, noting that the EMA50 protects trading inside this channel, while the price might witness some temporary sideways fluctuation until stochastic manages to gain enough positive momentum to push the price to continue rising.

Expected trading range for today is between 1200.00 support and 1385.00 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.