Bitcoin Trend / 06-11-2017

 Expected trading for today is between 6840.00  support and 7400.00 resistance  

Bitcoin found difficulty to surpass 7600.00$ level as expected
and begins bearish correction.

A picture is worth a thousand words / Was posted few day ago

So What Next!

• The bearish correction will push the price to visit 6500.00 level / 23.6% Fibonacci Correction (from 3000.00 to 7590.00).

• Stochastic signals the return in bearish pressure.

• RSI is turning lower and ready to move south.

• Oscillators are hinting at uptrend exhaustion so a correction might be needed before further north.

• Investors still seem optimistic about the outcome of the network upgrade.

• Breaching 7590.00 level and hold above it, will cancel the bearish correction.

Expected trading for today:
is between 6840.00 support and 7400.00 resistance.

Expected trend for today:
Bearish.

Source

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