Expected trading for today is between 15200.00 support and 17600.00 resistance
If you checked my last post,
I am sure you read what I wrote about the bearish correction.
Breaking 14400.00 and hold below it, will stop the bullish wave and will push the price to extend the bearish correction towards 12875.00 level.As you see the level 12875.00 was tested. Bitcoin price has completed its correction to 12875.00 level, as expected and resume the bullish trend.
So What Next!
The price now around 16150.00 and bullish trend will be expected, supported by the EMA50.
100 SMA is still above 200 SMA so the climb is more likely to continue than to reverse.
Stochastic show that the buyers are in control.
RSI suggesting bullish pressure.
Holding above 15200.00 represents key condition to continue the bullish wave towards 17600.00 level.
Note, Breaking 15200.00 and hold below it, will stop the bullish wave and will push the price to again towards 12875.00 level.
Expected trading for today:
is between 15200.00 support and 17600.00 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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