Sunday, March 5, 2017

Bitcoin Trend 06-03-2017

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Bitcoin price shows sideways trading recently after testing 1300.00 barrier, to fluctuate around 1260.00 now, as the price still inside the bullish channel that appears on chart, while the EMA50 continues to provide the positive support to the price.


Therefore, the bullish trend scenario will remain active in the upcoming period, which its next main target located at 1355.00, taking into consideration that breaking 1232.00 will complete forming double top pattern that has the ability to stop the bullish wave temporarily and push the price to start bearish correction on the intraday basis.

Expected trading range for today is between 1215.00 support and 1355.00 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.