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Monday, March 13, 2017

Bitcoin Trend 14-03-2017

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Bitcoin price shows sideways and tight trading since yesterday, after the high volatility that appeared on last Friday, and the price settles above the EMA50, noticing that stochastic shows clear overbought signals to interpret the reasons of the current sideways fluctuation.
Until now, the bullish trend scenario still valid as long as 1169.00 level remains intact, waiting to target 1298.00 followed by 1385.00 levels mainly, noting that breaking 1169.00 will put the price under the correctional bearish pressure 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 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.