Monday, March 6, 2017

Bitcoin Trend 07-03-2017

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Bitcoin price provided calm positive trading yesterday to crawl gradually to 1300.00, to keep the bullish trend organized within the bullish channel that appears in the image, supported by the EMA50, and its next main target located at 1360.00.


Stochastic negativity explains the reasons of the current sideways fluctuation, waiting for getting enough positive momentum to push the price to continue the expected rise, and its continuation conditioned by holding above 1225.00 level.

Expected trading range for today is between 1238.00 support and 1360.00 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.