Monday, March 27, 2017

Bitcoin Trend 27-03-2017

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Bitcoin price shows some bullish bias since morning to retest the previously broken bullish trend line, which meets the resistance of the bearish channel that appears in the above chart, as long as the price below 1024.67 level, so the bearish trend scenario will remain active for today, waiting for targeting 880.35 then 751.34 levels mainly.
Therefore, the bearish trend will remain active unless witnessing clear breach and stability above 1024.67 and 1089.18 levels.

Expected trading range for today is between 880.35 support and 1015.00 resistance
Expected trend for today: Bearish


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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.