Wednesday, March 8, 2017

Bitcoin Trend 08-03-2017

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Bitcoin price touched 1169.00 level and bounced higher strongly from there, to approach from retesting the previously broken bullish channel’s support that turns into an important resistance now at 1238.60, where breaching this level represents the return key to the main bullish trend, while breaking 1169.00 will push the price to extend its bearish correction towards 1089.18.


Therefore, we prefer staying aside now in order to monitor the price behavior according to the critical levels that represented by 1169.00 support and 1238.60 resistance, waiting for breaching one of them to detect the next targets clearly.

Expected trading range for today is between 1100.00 support and 1300.00 resistance

Expected trend for today: Depends on the above mentioned levels

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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.