Bitcoin Trend & Market Factors / 03-10-2017

 Expected trading for today is between 4300.00  support and 4700.00 resistance.  

Big volatility has taken a considerable since the shutdown of bitcoin exchanges in China..

Bitcoin price now is 4400.00 and ready for a breakout in either
direction soon..

Move higher is more likely to happen than a breakdown..

So What Next..

The trend for today is Bullish..
Why Move higher is more likely to happen than a breakdown !?

Because:

• EMA50 support to the suggested bullish wave..

• Stochastic indicate the bullish momentum is back..

• RSI is stalling at the middle and starting to turn higher as well..

• The attack in Las Vegas..

• The looming risk of a strike from North Korea..

• Uncertainty stemming from German politics, Catalonia’s independence vote, and Brexit..

Note:

• Breaching 4400.00 level and holding above it, will open the way
  to test 4475.00..

• Breaching 4475.00 level and holding above it, will open the way
  to test 4980.00 ..

• Clear downside break and hold below 4236.00 level, might move the price to test 3776.00 level again before any new attempt to rise...

Expected trading
for today is between 4300.00 support and 4700.00 resistance.
Expected trend for today: Bullish.

Source

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