Monday, May 22, 2017

Bitcoin Trend 23-05-2017

Bitcoin price provided some negative trading yesterday to retest the psychological barrier 2000.00, which turns into support base now after breaching it previously, noticing that the price rebounds bullishly strongly to start testing the bullish channel's resistance.


Therefore, we believe that the chances are valid to continue the rise in the upcoming period, and breaching 2140.00 will open the way to extend the bullish wave to reach 2300.00 areas on the near term basis, noting that holding above 1913.00 represents key condition to continue the current bullish momentum.

Expected trading range for today is between 2000.00 support and 2300.00 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