Expected trading for today is between 11600.00 support and 12700.00 resistance
As expected, bitcoin price breached 11660.00 to continue
the bullish wave towards 12700.00 / 100% Fib extension
which profit-taking could happen!
So What Next!
The price now around 12100.00 and technical
indicators giving mixed signals.
EMA50 support the bullish wave.
100 SMA is still above 200 SMA so the climb is
more likely to continue than to reverse.
Stochastic indicate a return in bearish pressure.
Oscillator ready to turn lower to reflect a return
in selling pressure.
RSI suggesting further consolidation as there is
enough bullish momentum left for more gains.
Holding above 11600.00 represents key condition
to continue the bullish wave.
Note, Breaking 11600.00 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 11600.00 support and 12700.00 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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