Friday, April 7, 2017

Bitcoin Trend 07-04-2017

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Bitcoin price managed to breach 1169.00 level and hold with a daily close above it, which supports the continuation of the bullish trend scenario efficiently in the upcoming period, opening the way to head towards our next target at 1298.00.

Therefore, the bullish trend will remain valid and active on the intraday and short term basis, supported by the EMA50, noting that breaking 1169.00 might push the price to test 1089.18 and might extend to 960.16 before any new attempt to resume the bullish trend.

Expected trading range for today is between 1120.00 support and 1300.00 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.