Bitcoin Trend / 17-11-2017

 Expected trading for today is between 7600.00  support and 8350.00 resistance  

Bitcoin price is establishing new record highs as it succeeded
to reach 8000.00 level / 50% Fib extension level and settles near it.

So What Next!

• Technical indicators show strengthening bullish momentum, so bitcoin price will try to test 8350.00 and could aim for the 61.8% Fib extension at 8638.00.

• Holding above 7600.00 represents key condition to continue the expected rise.

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

• Stochastic is on the move up to show that buyers are in control
  of price action.

• RSI indicate that the Bullish still in the cards.

Expected trading for today:
is between 7600.00 support and 8350.00 resistance.

Expected trend for today:
Bullish.

Source

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