Bitcoin Trend 23-11-2016

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Bitcoin price trades positively after  retesting the previously breached resistance of the symmetrical triangle  pattern, to reinforce our expectations of continuing the main bullish  trend, which targets testing 777.00 level mainly, noticing that  stochastic begins to provide positive overlapping signal now, to  motivate the price to provide more positive trading in the upcoming  period.   

Therefore, the bullish trend scenario  will remain active on the intraday and short term basis unless breaking  722.00 followed by 690.00 levels and holding below them, which will push  the price to visit the bullish channel's support around 600.00 before  any new attempt to rise.   

Expected trading range for today is between 730.00 support and 777.00 resistance   

Expected trend for today: Bullish 

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