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Thread: Bitcoin Analysis

  1. #1
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    Default Bitcoin Analysis

    Bitcoin price trades with very slight bearish bias after breaking the minor bullish channel’s support that appears on image, and the EMA50 attempts to offer negative pressure that supports the continuation of the decline in the upcoming period.

    In general, we still continue suggesting the bearish trend on the intraday and short term basis as long as the price is below 300.00 level, waiting to target levels that start at 179.00 and extend to 152.00 then 100.00.

    Expected trading range for today is between 170.00 support and 300.00 resistance
    Last edited by hesham1046; 06-04-2015 at 04:50 PM.

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    Default

    Bitcoin price trades with very slight bearish bias after breaking the minor bullish channel’s support that appears on image, and the EMA50 attempts to offer negative pressure that supports the continuation of the decline in the upcoming period.

    In general, we still continue suggesting the bearish trend on the intraday and short term basis as long as the price is below 300.00 level, waiting to target levels that start at 179.00 and extend to 152.00 then 100.00.

    Expected trading range for today is between 170.00 support and 300.00 resistance

  4. #3
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    Default

    Bitcoin price trades with very slight bearish bias after breaking the minor bullish channel’s support that appears on image, and attempts to offer negative pressure that supports the continuation of the decline in the upcoming period.



    In general, we still continue suggesting the bearish trend on the intraday and short term basis as long as the price is below 300.00 level, waiting to target levels that start at 179.00 and extend to 152.00 then 100.00.



    Expected trading range for today is between 170.00 support and 300.00 resistance

  5. #4
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    Default

    Bitcoin price continues to fluctuate between the key levels represented by 281.00 support and 297.95 resistance, and it finds good intraday support formed by the EMA50, to continue with our neutrality until the price manages to breach one of the mentioned levels.

    We remind you that breaking 281.00 support will push the price for more bearish correction that its targets extend to 242.40, while breaching 297.95 resistance represents the key to resume the bullish trend on the short term basis, which its targets reach towards 339.40 followed by 400.00 initially.

    Expected trading range for today is between 268.00 support and 320.00 resistance

    Expected trend for today: Depends on the above mentioned levels

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    Default

    Bitcoin price traded with strong negativity to break 242.40 level and reach the previously recorded bottom at 219.03, which hints that the negative pressure will continue in the upcoming period, and it is important to monitor the price behavior at the mentioned level, as breaking it will push the price to suffer more losses on the longer term.

    In general, the bearish bias will be suggested for the upcoming period as long as the price is below 242.40 and 256.80 levels, as breaching these levels will motivate the price to attempt to regain the bullish trend and stop the current sharp bearish wave.

    Expected trading range for today is between 200.00 support and 250.00 resistance

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    Default

    Bitcoin price shows slight bearish bias after testing the EMA50, which continues to form good resistance barrier against the price positive attempts, besides that stochastic shows bearish trend signals on the four hours’ time frame, which supports the continuation of the overall bearish trend, waiting to visit 150.00 level on the near term basis.

    In general, the bearish bias will remain suggested and active for today unless breaching 230.00 and holding above it.

    Expected trading range for today is between 190.00 support and 240.00 resistance

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    Default

    Bitcoin price trades with slight positivity approaching from the key resistance 243.90, and as we mentioned in our previous reports, holding below this level will keep the bearish trend scenario valid for the upcoming period, supported by stochastic reach to the overbought areas.

    Therefore, we are waiting a bearish rebound to target 226.40 followed by 198.10 levels initially, reminding you that breaching 243.90 level will complete forming a bullish pattern that has the ability to push the price to visit 272.20and might extend to 289.70 on the near term basis.

    Expected trading range for today is between 200.00 support and 250.00 resistance

  10. #8
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    Default

    Bitcoin price keeps its bullish momentum and shows more of the positivity, recording new top levels for today, reinforcing the expectations for the bullish trend continuation in the upcoming period, which get good support from the positive overlapping signal that comes from stochastic.

    Therefore, we keep preferring the bullish trend that its next target located at 480.00, while its continuation conditioned by holding above 302.45 level.

    Expected trading range for today is between 400.00 support and 480.00 resistance

    Expected trend for today: Bullish

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    Default

    Bitcoin price didn’t show any strong move since morning, to continue trading between 385.90 and 350.05 levels, thus, no change on our overall bullish trend overview which its next main target located at 540.00, while its continuation conditions holding above 314.20 level.

    Expected trading range for today is between 314.20 support and 430.30 resistance

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    Default

    Bitcoin price finds a difficulty to surpass 350.00 barrier until now, showing some slight bearish bias, while stochastic continues to provide positive signals on the daily time frame, while the EMA50 continues to provide support for the price from below.

    Therefore, we keep preferring the bullish trend in the upcoming period unless breaking 314.20 then 300.00, waiting for targeting 385.90 levels then opening the way towards 540.00.
    Expected trading range for today is between 314.20 support and 400.00 resistance

  13. #11
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    Default

    Bitcoin price continues to approach gradually from our first target at 385.90, and as we mentioned this morning, the price might be forced to show some sideways fluctuation affected by stochastic negativity before resuming the main bullish trend, which its targets extend to reach 540.00.

    In general, we will continue to suggest the bullish trend as long as the price is above 314.20 level, as breaking this level will put the price under negative pressure, followed by attempts to turn the short term trend to the downside.

    Expected trading range for today is between 350.05 support and 430.00 resistance

  14. #12
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    Default

    Bitcoin price fluctuates near 385.90 level, which forms an important key for the short term and medium term trend, as breaching it represents a positive factor that will push the price to achieve more gains in the upcoming period, which targets 500.00 followed by 540.00 levels mainly.

    Stochastic current negativity interprets the reason of the sideways fluctuation and the difficulty of breaching 385.90 level, while the EMA50 continues to offer the positive support to the price, which encourages us to continue suggesting the overall bullish trend in the upcoming sessions, reminding you that holding above 314.20 level represents key condition to continue the expected rise.

    Expected trading range for today is between 350.05 support and 430.00 resistance

  15. #13
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    Default

    Bitcoin price returns to trade positively after approaching from 430.30 level this morning, which supports the continuation of the bullish trend scenario in the upcoming period, and that depends on the stability above 385.90 level, and it gets a continuous support from the EMA50.

    Our waited targets begin at 502.00 then 540.00, pointing that breaking 385.90 level might push the price to visit 314.20 levels mainly before detecting the next trend on the short term basis.

    Expected trading range for today is between 400.00 support and 540.00 resistance

  16. #14
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    Default

    The tight range controls bitcoin price trading since yesterday, which keeps fluctuating near 460.00 level, while stochastic attempts to get rid of its negativity gradually on the four hours time frame, which supports the chances for resuming the main bullish trend that gets continuous support from the EMA50.

    Therefore, we wait for heading towards 502.00 then 540.00 levels as next main targets for the current bullish wave, reminding you that holding above 385.90 level important for the continuation of the suggested rise.

    Expected trading range for today is between 400.00 support and 540.00 resistance

    Expected trend for today: Bullish

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    Quote Originally Posted by malenchelon View Post
    can we trade bitcoin ????
    yes you can trade bitcoin you can open account Crypto and you can get 10$ bouns when you open a new crypto account go to this link
    https://www.fxopen.com/en/trading-accounts/crypto

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