Bitcoin Trend / 24-11-2017

 Expected trading for today is between 7850.00  support and 8350.00 resistance  

Traders booking profits at the moment and Bitcoin correction is underway
The reason why bitcoin price is pulling back from its strong rally!

So What Next!

• EMA50 formed solid support base to push the price to rise again.

• 100 SMA is above 200 SMA so the rally is more likely to continue
  than to reverse.

• Stochastic indicate, there are some selling pressure left in play.

• RSI is heading south so so the correction could go on for a while.

• Oscillators indicate a likely return in bullish pressure.

• Holding above 7850.00 represents key condition to continue
  the expected rise towards 8350.00.

• Surpassing 8350.00 and hold above it will push the price to
  head towards 9000.00.

• Breaking 7850.00 and hold below it, will stop the bullish wave
  and will push the price to start the bearish correction again to
  61.8% Fib at 6600.00/The sand/.

• Bitcoin price seems to be waiting for more updates on CME
  bitcoin futures, but we have no specific launch date yet since
  it is pending regulation.

Expected trading for today:
is between 7850.00 support and 8350.00 resistance.

Expected trend for today:
Bullish.

Source

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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