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Expected trading for today is between 10150.00 support and 12650.00 resistance
As expected, The Natural Progress from the support 10150.00 pushed the price above 11150.00 ( 100 DMA ) to reached 11500.00 level few hours ago, and might lead the price to 12650.00 ( 50 DMA ) followed by 12850.00 ( 38.20% Fib Extention ) affected by inverted head and shoulders, and supported by :
- 4-hours MACD.
- 4-hours RSI.
- 100 SMA is above 200 SMA so the upside move is more likely to continue.
Bitcoin price now, is around 11500.00 level and the trend for today is slighty bullish.
Note, stochastic indicate, selling pressure might return soon ( bearish divergence ). The reason, why I think the upmove will be limited today to 12000.00 level.
Expected trading for today:
is between 10150.00 support and 12650.00 resistance.
Expected trend for today :
Slighty Bullish.
Medium Term:
Bullish.
Long Term:
Bullish.
The low of 2018:
5947.00 / H&S bottom.
The high of 2018:
25000.00 level.
