Bitcoin Trend 13-09-2016
Bitcoin price keeps its stability above the EMA50, which continues to protect the bullish trend scenario on the intraday and short term basis, noticing that stochastic attempts to get rid of its negativity clearly on the daily time frame, reinforcing the chances of resuming the bullish bias in the upcoming sessions. Therefore, our bullish overview will remain valid and active as long as the price is above 538.00 level, noting that our next main target is located at the bullish channel's resistance at 708.00.
Expected trading range for today is between 560.00 support and 700.00 resistance
Expected trend for today: Bullish
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@lordoftruth
Do you think crypto currency is the future? Or just a trend?
@spartyt
Yes I think will be the future
The last 2 years I used only crypto currency for shopping, travel.. etc..
Many governments and financial institutions seem to be having a ‘wait and see’ approach towards cryptocurrencies. Some experts believe that digital currencies will disappear as quickly as they arrived, whereas others believe they will become a normal way of paying.
As more digital currencies are introduced into the cryptocurrency market, there is greater opportunity for competitors to develop a cryptocurrency that overtakes Bitcoin. The cryptocurrency of the future might be the future of money if it can provide greater liquidity and stability than Bitcoin. However, at the moment digital currencies such as Litecoin and Dogecoin don’t seem to be able to offer enough differences to surpass Bitcoin’s influence.
Great article. Thanks for sharing. Happy to upvote and share this on Twitter✔ for my followers to see. Cheers. Stephen
@stephenkendal
Thanks for nice word
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