Bitcoin Trend 22-05-2017

Bitcoin price succeeded to reach the psychological barrier 2000.00$, and it breached this level to build good support above it, which hints that the way is open to achieve more gains on the short term and medium term basis, and the next target is located at the bullish channel's resistance that appears on chart at 2115.00.

Therefore, the bullish trend will remain suggested in the upcoming sessions supported by the EMA50 and stochastic, noting that holding above 1913.00 represents initial condition to continue the suggested rise, as breaking it will push the price to test 1765.00 areas before any new attempt to rise.

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

Expected trend for today: Bullish

 

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 M Samer Al Reifae
Official W3Coins Representative in East Europe & Middle East
samer@w3coins.com
+40 734 277 757

- YOU WILL NEVER TRADE ALONE -

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