Bitcoin Trend / 09-11-2017

 Expected trading for today is between 7200.00  support and 7600.00 resistance  

Bitcoin Price Pop Higher on Hard Fork Suspension
to 7900.00 level before quickly retreating.

So What Next!

• 100 SMA is above 200 SMA so the rally is more likely to continue than to reverse / reflect weaker bullish momentum.

• Stochastic is pointing up to show that buyers are in control.

• RSI is turning lower so bitcoin price could follow suit.

• EMA50 support the bullish trend.

• Suspending the hard fork removed the uncertainty lingering over bitcoin price in the near-term, but traders are still wary of how this might impact the cryptocurrency’s capacity in the long run.

• Breaching 7590.00 level and hold above it, confirm extending the bullish wave towards 8000.00.

• Note, breaking 6915.00 and hold below it will push the price for bearish correction again towards 6500.00 level before any new attempt to rise.

Expected trading for today:
is between 7200.00 support and 7600.00 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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