Sunday, March 19, 2017

Bitcoin Trend 20-03-2017

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Bitcoin price traded with strong negativity on last Friday and succeeded to touch our main target at 960.16, which represents 61.8% Fibonacci for the bullish wave measured from 751.34 to 1298.00, noting that the price shows clear bullish rebound from there, hinting the attempt to regain the bullish trend again.
Therefore, the bullish trend will be suggested in the upcoming sessions, and breaching 1089.18 will reinforce the expectations of more rise, as the positive targets begin at 1169.00 and extend to 1298.00, taking into consideration that breaking 960.16 will stop the expected rise and push the price to suffer more losses on the short term basis.

Expected trading range for today is between 960.16 support and 1169.00 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.