Bitcoin Trend 18-10-2017 / Midday Update

 Expected trading for the rest of day is between 5200.00  support and 5800.00 resistance.  

• Bitcoin price broke 5410.00 level and settles below it.

• The bearish correction towards 5000.00 is expected before any new attempt to rise again.

• The Bearish wave valid unless we see clear breach and hold above 5410.00.

• Stochastic suggest that selling pressure is in play.

• Price has dropped below the 100 SMA as an early signal of bearish pressure..

• Breaching 5410.00 barrier and hold above it, will push the price to resume its main bullish trend again.

Expected trading
for the rest day is between 5200.00 support and 5800.00 resistance.
Expected trend for the rest of day: Bearish.

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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