Bitcoin Trend / 27-11-2017

 Expected trading for today is between 9200.00  support and 10000.00 resistance  

As expected 9200.00 level was broken and the price hold above it.
Bitcoin skyrocketed to new all-time highs, closing to
the psychological level 10000.00!

So What Next!

• The price now around 9600.00 and the way is open to move
  towards 10000.00 level.

• EMA50 keeps moving the price up.

• 100 SMA is above 200 SMA so the rally is more likely to continue
  than to reverse.

• RSI & Stochastic indicate overbought conditions,
  as buyers are feeling exhausted from the climb and might
  be looking to book profits soon.

• Oscillator sare reflecting overbought conditions.

• Holding above 9200.00 represents key condition to continue
  the expected rise towards 10000.00.

• Breaking 9200.00 and hold below it, will stop the bullish wave
  and will push the price to start the bearish correction towards
  8570.00 before any new attempt to rise.

• CME bitcoin futures can be launched before the end of the year,
  possibly pushing bitcoin price even past the 10.000.00 level.

Expected trading for today:
is between 9200.00 support and 10000.00 resistance.

Expected trend for today:
Bullish.

Source

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