Expected trading for today is between 14200.00 support and 17000.00 resistance
Bitcoin volumes have taken a significant hit on increased regulation
in South Korea and the traders appetite for altcoins, the last days!
A Picture is Better Than One Thousand Words
So What Next!
Bitcoin price now is around 15200.00 and hold well above 14400.00 support again to resume positive attempts to hit the first resistance at 15400.00.
As long as the price stays above the 14200.00 level, the trend is bullish.
100 SMA is still above 200 SMA so the climb is more likely to continue than to reverse.
RSI indicate the price might climb to 15400.00 level and above it.
Stochastic indicate bullish momentum.
Breaching the first resistance at 15400.00 and hold above it will push the price up towards the start of buy zone at 16400.00 level.
Note, Breaking 14200.00 level and hold below it, will cancel the bullish wave and will put the price under negative pressure towards the start of fear zone at 12400.00 level.
Expected trading for today:
is between 14200.00 support and 17000.00 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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