Thursday, April 13, 2017

Bitcoin Trend 13-04-2017

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The sideways and tight range dominated Bitcoin price recent trading, but we notice that stochastic reaches the oversold areas now, to provide positive motive that we are waiting to assist to push the price to resume the bullish trend, waiting to visit 1298.00 level mainly.


Therefore, the bullish trend will remain suggested in the upcoming period, supported by the EMA50 that keeps carrying the price from below, noting that breaching the targeted level will extend the bullish wave towards 1340.00, while holding above 1169.00 represents the first condition to continue the expected rise.

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.