Expected trading for today is between 10800.00 support and 12200.00 resistance
Bitcoin price is pulling back from another strong rally and price
resumed the bullish rally strongly after breaching 10000.00 level
and surpass 11000.00 to open the way to record more highs.
So What Next!
The price now around 11300.00 and the bullish strength is
enough to push the price up supported by stochastic that
reach to the oversold areas now.100 SMA is still above 200 SMA so the climb is more likely
to continue than to reverse.Stochastic show there are buying pressure.
RSI heading south, so bitcoin price could follow suit.
Holding above 10800.00 / 38.2% Fibonacci retracement /
represents key condition to continue the bullish wave
towards 12000.00 level.Note, Breaking 10800.00 and hold below it, will stop
the bullish wave and will push the price again to start
the bearish correction.
Expected trading for today:
is between 10800.00 support and 12200.00 resistance.
Expected trend for today:
Bullish.
YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.
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