Thursday, May 11, 2017

Bitcoin Trend 12-05-2017

Bitcoin price approached from our main waited target at 1900.00, and bounced bearishly to move inside the bearish channel now, targeting testing the key support 1785.00, noting that holding above this level will keep the bullish trend scenario valid for the upcoming period, as breaking this level will push the price to visit areas that reach to 1655.00 before any new attempt to rise.


Therefore, the overall bullish trend scenario will remain valid for the upcoming period conditioned by holding above 1785.00, reminding you that breaching 1900.00 will push the price to visit the psychological barrier at 2000.00$.

Expected trading range for today is between 1785.00 support and 1950.00 resistance
Expected trend for today: Bullish


with
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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