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
M Samer Al Reifae
Official W3Coins Representative in East Europe & Middle East
samer@w3coins.com
+40 734 277 757
Official W3Coins Representative in East Europe & Middle East
samer@w3coins.com
+40 734 277 757
- YOU WILL NEVER TRADE ALONE -
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL BITCOIN, GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
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