Wednesday, May 3, 2017

Bitcoin Trend 04-05-2017

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Bitcoin price succeeded to touch our main waited target at the bullish channel's resistance that appears on the above chart, noticing that the EMA50 and stochastic continue to provide the positive signals on the four hours' time frame, which supports the chances of extending the bullish wave on the short term basis, to head towards 1600.00 areas mainly.

 
 
Therefore, we expect witnessing more rise in the upcoming period, noting that breaking 1405.00 will stop the current bullish rally and push the price to test 1298.00 areas before any new attempt to rise.

Expected trading range for today is between 1450.00 support and 1600.00 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