Sunday, May 7, 2017

Bitcoin Trend 08-05-2017

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Bitcoin price succeeded to breach the bullish pennant's resistance that appears on chart, to get good positive motive that supports the chances of continuing the main bullish trend, and the way is open to head towards our next main target at 1700.00.


Therefore, the positive scenario will remain suggested in the upcoming sessions, supported by the positive signal provided by stochastic, noting that breaking 1495.00 level forms negative factor that will push the price to turn its intraday track to decline to visit 1385.00 areas initially before any new attempt to rise.

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