Sunday, April 30, 2017

Bitcoin Trend 01-05-2017

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Bitcoin price resumes its positive trading clearly after getting good positive signal through stochastic, which supports the continuation of our bullish overview in the upcoming period, and the price gets continuous positive support by the EMA50, reinforcing the chances of achieving more gains.

 
Therefore, the positive scenario will remain active on the intraday and short term basis, and the next targets begin at 1400.00 and extend to 1475.00, noting that breaking 1298.00 will put the price under negative pressure that targets 1163.00 areas before any new positive attempt.

Expected trading range for today is between 1310.00 support and 1475.00 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 tren