Friday, March 31, 2017

Bitcoin Trend 31-03-2017

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Bitcoin price managed to breach the bullish pennant pattern's resistance mentioned yesterday, appears on chart, as it closed the last four hours' candlestick above it, to confirm the activate of the positive effect of this pattern, which forms positive factor that supports the continuation of the bullish trend overview on the intraday and short term basis, waiting to visit 1089.18 followed by 1169.00 levels mainly.


Therefore, the bullish bias will remain suggested for the upcoming period, supported by the positive signals provided by stochastic, reminding you that holding above 960.16 represents the most important condition to continue the suggested bullish trend.

Expected trading range for today is between 1000.00 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.