Expected trading for today is between 9200.00 support and 10900.00 resistance
Bitcoin price provided clear negative trades yesterday
and tested 9100.00 level as more traders book profits
off the recent rallies.
So What Next!
The price now around 9600.00 and the bullish strength is
enough to push the price up again supported by EMA50.
100 SMA is still above 200 SMA so the climb is more likely
to continue than to reverse.
Stochastic is moving south to indicate that sellers was
in control.
RSI is sideways to might show potential consolidation.
Holding above 9200.00 represents key condition to
continue the bullish wave.
Note, Breaking 9200.00 and hold below it, will stop the bullish wave
and will push the price again to start the bearish correction
towards 8400.00 level.
Expected trading for today:
is between 9200.00 support and 10900.00 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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