Monday, May 8, 2017

Bitcoin Trend 09-05-2017

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Bitcoin price keeps rising strongly after confirming breaching the bullish pennant flag’s resistance that appears in the image, to move within bullish track that has positive targets to extend to reach 1785.00, and the price gets continuous positive support from the EMA50.


Therefore, these factors encourage us to keep preferring the bullish trend in the upcoming period, being aware that breaking 1560.00 level will stop the current bullish rally and pushes the price to test negative levels that begin at 1481.66 and extend to 1368.85 before any new attempt to rise.

Expected trading range for today is between 1600.00 support and 1785.00 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