Wednesday, May 17, 2017

Bitcoin Trend 18-05-2017

Bitcoin price rallied upwards strongly yesterday to complete forming symmetrical triangle that appears on chart, hinting that the price stopped the recently started bearish correction and head to resume the main bullish trend, targeting testing the previously recorded top at 1892.00 as a next main station.


Therefore, the bullish trend will remain expected for the upcoming sessions supported by the EMA50, taking into consideration that breaking 1655.84 will push the price to extend its bearish correction and target 1509.74 areas direct.

Expected trading range for today is between 1725.00 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