Tuesday, April 11, 2017

Bitcoin Trend 12-04-2017

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Bitcoin price shows calm positive trading settling near the intraday bullish channel's support that appears on chart, noticing that the EMA50 keeps supporting the bullish wave and protect trading inside the mentioned channel, reinforcing the chances of continuing the rise in the upcoming period.


Therefore, the bullish trend scenario will remain active on the intraday and short term basis, noting that our main targets begin at 1298.00 followed by 1340.00, while achieving them requires holding above 1169.00.

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.