Bitcoin Trend / 14-11-2017

 Expected trading for today is between 6400.00  support and 7200.00 resistance  

• 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.

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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