Tuesday, May 2, 2017

Bitcoin Trend 03-05-2017

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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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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 tren