Tuesday, May 16, 2017

Bitcoin Trend 17-05-2017

Bitcoin price retested the previously broken support of the bullish channel that appears on chart and bounced bearishly from there, which supports the continuation of our correctional bearish overview, waiting to test 1655.84 again, which breaking it represents the key to extend the bearish wave to reach 1509.74.


Therefore, we are waiting for more decline in the upcoming sessions, taking into consideration that breaching 1785.00 will stop the current negative pressure and lead the price to regain its main bullish track again.

Expected trading range for today is between 1600.00 support and 1785.00 resistance
Expected trend for today: Bearish


with
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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