Monday, April 10, 2017

Bitcoin Trend 11-04-2017

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Bitcoin price fluctuates in tight track since yesterday keeping its stability above the intraday bullish channel’s support, pointing that the EMA50 continues to support the price from below, reinforcing the chances for the continuation of the bullish wave in the upcoming period, waiting for visiting the recently recorded top at 1298.00 mainly.


Therefore, the bullish trend will remain active and valid on the intraday and short term basis, being aware that breaking 1169.00 will put the price under the bearish correctional pressure again, and the negative targets begin by testing 1089.18 then 1024.67.

Expected trading range for today is between 1169.00 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.