Tuesday, March 21, 2017

Bitcoin Trend 22-03-2017

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Bitcoin price succeeded to reach to our initial waited target at 1089.18 and managed to breach it and hold above it, which supports the continuation of the bullish trend scenario efficiently on the intraday and short term basis, waiting for heading to 1169.00 as a next main station.
The price tests the support base that formed above the breached level now, which forms the first protection factor for the suggested positive scenario, waiting for breaching 1169.00 level to open the way towards 1298.00 on the near term basis, being aware that breaking 1089.18 will push the price to test 1024.67 level initially before any new attempt to rise.

Expected trading range for today is between 1024.00 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.