Bitcoin Trend / 26 - 01 - 2018

 Expected trading for today is between 10700.00  support
and 12400.00 resistance  

Today 26 Jan 2018 is the expiry of CME Futures.
It won’t be an easy ride.
Volatility is not helping investors who are looking to HODL.
But the technical suggest the sideways might be going to end soon.

So What Next!

• Bitcoin price now is around 11500.00 / the fear zone/ and technical indicators give mix signals.

• 100 SMA is below 200 SMA so the downside is more likely to continue than to reverse.

• RSI indicate that buyers have the upper hand.

• Stochastic signal rally exhaustion.

• Negative pressure formed by EMA50.

• US dollar staged a powerful after President Donald Trump said the US currency would get stronger, appearing to contradict comments made only the day before by his Treasury secretary.

• Traders are waiting for a strong enough catalyst to revive the previous rallies.

• Breaking 10700.00 level and hold below it will move the price toward 9300.00 level.

• Breaching 11700.00 level and hold above it, will push the price towards 12800.00 level.

Expected trading for today:
is between 10700.00 support and 12400.00 resistance.

Expected trend for today: Neutral.
Depends on;

• Breaching 11700.00 / Bullish.
• Breaking 10700.00 / Bearish.

Source

YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.