Wednesday, April 5, 2017

Bitcoin Trend 05-04-2017

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Bitcoin price came few pips away from our waited target at 1169.00, to show some slight bearish bias affected by stochastic negativity, which gets rid of its negative momentum clearly to head towards the oversold areas, noticing that the EMA50 keeps providing the positive support to the price.


Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming period, and the main targets begin by breaching 1169.00 level to open the way to head towards 1298.00 as a next main station, noting that breaking 1089.18 will stop the expected rise temporarily to push the price to test the key support areas 1024.67 and might extend to 960.16 before any new attempt to rise.

Expected trading range for today is between 1089.00 support and 1200.00 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.