Thursday, May 25, 2017

Bitcoin Trend 26-05-2017

Bitcoin price succeeded to reach our extended target at 2715.00 and bounced strongly to the downside from there, to start bearish correction for the rise measured from 891.00 to yesterday's recorded top at 2760.00, as the price fluctuates around 23.6% Fibonacci correction now, waiting to resume the main bullish trend again.


Note that holding above 2319.00 will confirm resuming the bullish trend on the short term basis, to head towards the above mentioned top again, while settling below this level will push the price to test the bullish channel's support around 1875.00 before any new attempt to rise.

Expected trading range for today is between 2200.00 support and 2700.00 resistance

Expected trend for today: Bullish

with
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YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS 
TO BUY OR SELL BITCOIN, GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED. 
 Do your own due diligence. 
No one knows tomorrow's price or circumstance. 
 I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader. 
I do not accept responsibility for being incorrect in my speculations on market trend