Bitcoin Trend 27-01-2017

in bitcoin •  8 years ago 

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Bitcoin price shows calm positive  trading since yesterday to move away gradually from the EMA50, and we  still wait to attack the neckline of the inverted head and shoulders'  pattern located at 936.00 to get strong positive motive that supports  the continuation of the expected bullish trend on the intraday and short  term basis.   

Therefore, we will continue to suggest  the bullish trend in the upcoming period unless breaking 851.00 level  and holding below it, noting that stochastic current negativity might  force the price to provide some positive trading before resuming the  bullish bias.   

Expected trading range for today is between 870.00 support and 1000.00 resistance   

Expected trend for today: Bullish 


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Bullish on BITCOIN..!! Upvoted and shared on twitter. Stephen
https://twitter.com/StephenPKendal/status/824918311599271936