Bitcoin Trend / 07-12-2017

 Expected trading for today is between 13500.00  support and 15000.00 resistance  

Bitcoin price continues to rally upwards strongly and after testing
14000.00 level may be undergoing profit-taking.

So What Next!

• The price now around 13900.00 and technical
  indicators giving mixed signals.

• The way is open to continue achieving gains
  supported by EMA50.

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

• Stochastic indicate the sellers are ready to
  take over price action.

• RSI suggesting bearish pressure that could
  keep the correction going.

• Holding above 13500.00 represents key
  condition to continue the bullish wave.

• Note, Breaking 13500.00 and hold below it,
  will stop the bullish wave and will push the
  price to start the bearish correction towards
  12800.00 followed by 11.500 level.

Expected trading for today:
is between 13500.00 support and 15000.00 resistance.

Expected trend for today:
Bullish.

Source

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