Bitcoin Trend / 22-05-2017 / Midday Update

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 Expected trading range for today is between 1913.00 support and 2200.00 resistance 

Bitcoin succeeded to reach our waited target at 2115.00 and shows a bearish rebound from there, which requires being aware from the upcoming trading, where the price failure to breach the mentioned level will push the trading to bounce lower and targeting 1785.00 levels according to the trading rules within the price channels.

EMA50 keeps providing positive support for the price, keeping the bullish trend scenario active in the upcoming period unless breaking 1913.00 level and holding below it.

Expected trading range for today is between 1913.00 support and 2200.00 resistance
Expected trend for today: Bullish

Source    

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@lordoftruth  

Samer