Wednesday, April 26, 2017

Bitcoin Trend 27-04-2017

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Bitcoin price succeeded to touch our first waited target at 1298.00 and settles there, as it attempted to breach it yesterday, which provides signals of continuing the rise in the upcoming period, supported by the EMA50 that protects trading inside the bullish channel that appears on chart.

Therefore, the bullish trend will remain suggested in the upcoming period, and the next target is located at 1400.00, noting that stochastic attempts to get rid of its negativity to support the chances of continuing the expected rise, while holding above 1263.00 represents key condition to continue the positive overview, as breaking it will push the price to visit 1169.00 areas before any new attempt to rise.

Expected trading range for today is between 1250.00 support and 1400.00 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.