Bitcoin price begins today's trading
with bearish bias to test the bullish trend line that carries the price
since the beginning of this year, accompanied by stochastic head towards
the oversold areas, in attempt to get enough positive momentum to push
the price to resume the bullish trend.
In general, we will continue to suggest
the bullish trend after the recent breach to the correctional bearish
channel's resistance that appears on the above chart, waiting to target
1089.18 followed by 1169.00 levels mainly, noting that the continuation
of the suggested rise depends on holding above 970.00 and 960.16 levels.
Expected trading range for today is between 960.16 support and 1100.00 resistance
Expected trend for today: Bullish
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- YOU WILL NEVER TRADE ALONE -
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL BITCOIN, GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
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.
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.
