Bitcoin Trend / 12-10-2017

 Expected trading for today is between 4600.00  support and 5100.00 resistance  

The price of BTC now around 4850.00 level..

So What Next..

Contradiction Between Technical Factors
Stay Aside

• Stochastic shows clear positive signals and support
  the bullish wave..

• RSI show bearish pressure is kicking in..

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

• Breaching 4980.00 and holding above it, will push the
  price towards 5500.00..

• Breaking 4760.00 and hold below it will move the price
  to $4600.00 ( 38.2% FIB )..

• Holding above 4535.00 suggest the continue of the
  bullish wave..

Expected trading
for today is between 4600.00 support and 5100.00 resistance.
Expected trend for today: Bullish.

But profit-taking might be in the cards soon.

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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