Bitcoin price provided strong and mixed
trading in last Friday, where it rallied higher to hit 1350.00 level,
before it bounced lower sharply approaching from 61.8% Fibonacci
correction level at 960.16, noticing that the price returned to settle
positively above the critical support base at 1169.00, which supports
the chances for the continuation of the bullish bias in the upcoming
sessions.
Therefore, we keep preferring the
bullish trend on the intraday and short term basis, pointing that the
price needs a confirmed breach to 1298.00 level to confirm the rally
towards our next main target at 1.385, while breaking 1169.00 represents
negative factor that will push the price to make an intraday bearish
correction before it return to rise again.
Expected trading range for today is between 1169.00 support and 1350.00 resistance
Expected trend for today: Bullish
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- YOU WILL NEVER TRADE ALONE -
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL BITCOIN, GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
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.
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.