Bitcoin price rallied upwards strongly
yesterday to approach from our waited target at the bullish channel’s
resistance that appears in the image, which rises now to 1495.00,
keeping the bullish trend preferred in the upcoming period, supported by
the EMA50 that keeps carrying the price from below, waiting for more of
the upside moves on the intraday and short term basis.
Stochastic attempts to surpass its
negativity and gaining the positive momentum to reinforce the
expectations for moving higher, being aware that breaking 1405.00 level
might push the price to test the critical support level at 1298.00
before any new attempt to resume the main bullish trend.
Expected trading range for today is between 1400.00 support and 1550.00 resistance
Expected trend for today: Bullish
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Official W3Coins Representative in East Europe & Middle East
samer@w3coins.com
+40 734 277 757
- YOU WILL NEVER TRADE ALONE -
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL BITCOIN, GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
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 tren