Friday, March 24, 2017

Bitcoin Trend 24-03-2017

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Bitcoin price returns to provide negative trading and move below 1024.67 level, which might push trading to test 960.16 again, representing 61.8% Fibonacci correction level for the rise measured from 751.34 to 1298.00, which means that holding above it represents the most important condition to continue the chances of resuming the bullish trend on the short term basis.

In general, we will continue to suggest the overall bullish trend unless breaking 960.16 level and holding above it, waiting to breach 1089.18 level to ease the mission of heading towards our next target at 1169.00, noting that stochastic move at the oversold areas forms positive factor that supports the expectations to rise.

Expected trading range for today is between 960.16 support and 1130.00 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.