Sunday, May 14, 2017

Bitcoin Trend 15-05-2017

Bitcoin price provided negative trading in the recent sessions to push on the bullish channel's support that appears on chart, but it kept its stability above this support to continue moving inside the mentioned channel, which keeps the overall bullish trend scenario valid for the upcoming period, waiting to resume the bullish bias that targets 1920.00 areas as a next main station.


Therefore, we waiting for positive trading today unless breaking 1725.00 and holding below it, as breaking this level will push the price to start bearish correction on the short term basis.

Expected trading range for today is between 1700.00 support and 1900.00 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