Bitcoin price declined strongly in the
past two days to touch the bullish channel's support line that appears
on the above chart, noticing that the price rebounds bullishly from this
support according to the trading rules inside the channels, which hints
that the price is on its way to resume the main bullish trend in the
upcoming sessions, especially after approaching from 50% Fibonacci
correction level for the rise measured from 891.33 to 2760.10.
Therefore, we believe that the chances
are valid to rise on the intraday and short term basis, and the targets
begin by breaching 2319.00 to confirm extending the bullish wave towards
2825.00 as a next main station, noting that breaking 2046.23 followed
by 1825.72 levels will stop the expected rise and put the price under
the negative pressure on the short term and medium term basis.
Expected trading range for today is between 2046.00 support and 2500.00 resistance
Expected trend for today: Bullish
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
