Expected trading for today is between 15270.00 support and 17600.00 resistance
Bitcoin price has completed its correction and as expected resume
the bullish trend and succeeded to touch 17000.00 level yesterday
and could be ready to take on new highs.
So What Next!
The price now around 16400.00 and technical indicators indicators giving mixed signals.
100 SMA is still above 200 SMA so the climb is more likely to continue than to reverse.
Stochastic indicate that selling pressure is in play.
RSI signal a pickup in bearish momentum.
Holding above 15270.00 represents key condition to continue the bullish wave towards 17600.00 level.
Note, Breaking 15270.00 and hold below it, will stop the bullish wave and will push the price to again towards 12875.00 level.
CBOE futures launch has been mostly positive and CME and Nasdaq will launch their bitcoin futures soon.
Expected trading for today:
is between 15270.00 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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