Expected trading for today is between 13500.00 support and 15000.00 resistance
Bitcoin price continues to rally upwards strongly and after testing
14000.00 level may be undergoing profit-taking.
So What Next!
The price now around 13900.00 and technical
indicators giving mixed signals.The way is open to continue achieving gains
supported by EMA50.100 SMA is still above 200 SMA so the climb is
more likely to continue than to reverse.Stochastic indicate the sellers are ready to
take over price action.
RSI suggesting bearish pressure that could
keep the correction going.Holding above 13500.00 represents key
condition to continue the bullish wave.Note, Breaking 13500.00 and hold below it,
will stop the bullish wave and will push the
price to start the bearish correction towards
12800.00 followed by 11.500 level.
Expected trading for today:
is between 13500.00 support and 15000.00 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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