Wednesday, May 31, 2017

Bitcoin Trend 01-06-2017


Bitcoin price begins the breaching process to the key resistance 2319.00 now, which supports the continuation of the bullish trend scenario in the upcoming sessions, and the price needs a daily close above the mentioned level to confirm extending the bullish wave towards the bullish channel's resistance that rises now into 2870.00.


Therefore, we will continue to suggest the bullish trend on the short term and medium term basis supported by the EMA50, reminding you that it is important to hold above 2046.23 and 1825.72 levels to continue the suggested rise.

Expected trading range for today is between 2200.00 support and 2500.00 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