Wednesday, April 5, 2017

Bitcoin Trend 06-04-2017

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Bitcoin price returns to resume its positive trading with the beginning of today to approach from our waited target at 1169.00, where stochastic provides clear positive signals on the four hours time frame, which we believe that it will motivate the price to breach the mentioned level then opens the way towards 1298.00 level as a next main station.


Therefore, the bullish trend will remain expected in the upcoming period supported by the EMA50, being aware that breaking 1089.18 level will push the price to test the critical support level at 1024.67 and it might extend to 960.16 before any new attempt to rise.

Expected trading range for today is between 1089.00 support and 1250.00 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.