<center>![bitcoin-1.jpg](https://steemitimages.com/DQmaf1GeDRrhr18ashwcWFzQnfSMDb1WZbLcWonc3ZazkyS/bitcoin-1.jpg)
<blockquote>&nbsp;Expected trading for today is between 6915.00 &nbsp;support 
and 7600.00 resistance&nbsp;&nbsp;</blockquote></center>

 <center>Bitcoin price consolidated above the EMA50 and formed solid 
support at 6915.00 to protect the price from suffer more losses </center>

<center>So What Next!</center>

<center>![10.jpeg](https://steemitimages.com/DQmQeYBxxYsFfha2orHrthHEggvdE1dEDhzCqSRdEgSAAwS/10.jpeg)</center>

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

- Stochastic is return in bullish momentum.

- RSI is treading sideways so bitcoin price could follow suit.

- EMA50 support the bullish trend.

- Strengthening bitcoin volumes in Japan and South Korea could continue to prop it higher. 

- Breaching 7480.00 level and hold above it, confirm extending the bullish wave towards 8000.00.

- Note,  Breaking 6915.00  and hold below it will push the price for bearish correction again towards 6500.00 level before any new attempt to rise, as Bitcoin price has formed a classic reversal pattern on its 4-hour time frame as bearish pressure could kick back in, but bitcoin price has to break 6915.00 to confirm the drop.


Expected trading for today:
is between 6915.00 support and 7600.00 resistance.

Expected trend for today: 
Bullish.


<center><p><a href="http://www.economies.com/forex/btc-usd-analysis/bitcoin-leans-on-the-moving-average-%E2%80%93-analysis---10-11-2017-44699">Source</a></p></center>

<center>YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED. 
<center>https://steemitimages.com/0x0/https://s23.postimg.org/ggouzbb0r/follw.gif

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