Thursday, May 4, 2017

Bitcoin Trend 05-05-2017

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Bitcoin price continued to achieve strong gains to touch our extended target at 1600.00, and it attempts to breach it, but it couldn't manage to confirm the breach until now, to test the previously breached resistance of the bullish channel that appears on chart, noticing that the price rebounds bullishly to start today's trading with clear positivity.

 
 
Therefore, we believe that the chances are valid to continue the bullish trend on the short term and medium term basis, noting that our next target is located at 1700.00, while achieving it conditions holding above 1520.00.

Expected trading range for today is between 1500.00 support and 1670.00 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