Expected trading for today is between 6400.00 support and 7200.00 resistance
Bitcoin breach 6500.00 level and hold above it,
to activate the bullish trend again!
So What Next!
Breaching 6710.00 and hold above it will push the price to towards 7590.00.
100 SMA is above 200 SMA so the rally is more likely to continue
than to reverse.
RSI moving higher, indicating that bullish pressure could stay in play for a while.
Traders seem to have taken the chance to buy bitcoin at cheaper levels after the selloff, the reason why the bearish correction was stopped.
Note, Breaking 6500.00 and hold below it will push the price towards 5825.00 level.
Expected trading for today:
is between 6400.00 support and 7200.00 resistance.
Expected trend for today:
Bullish.
Note : Bitcoin may test 4800.00 - 5000.00 around Nov 17-18...
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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