MACD almost crossing to the bullish zone. Slide resistance on 50 day moving average. Consolidation around the 7800 major support/resistance zone to test support. Candles floating around the mean reversion lower channel. Possible that it may move to complete the target blue line intersection with mean reversion line (red line) around 9000 zone in next 2 - 4days. This will close off the weekly candle bullish confirming the morning star pattern.
Short term moving average : uptrend
RSI : -
Depth Chart : wall around 7500
Weekly Timeframe : -
Disclaimer : This is not financial advice, it's all based on my personal biased opinion. Do your own research and put in the amount you can afford to lose.
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Hi,
Uptrend projection for today sounds good to me. BTC has been losing against Steem and Altcoins according to one article I read.
Do you agree?
Expecting both BTC and Steem to come down this weekend again. comment?
@hanamana BTC has been on a good run so far and would expect a rest soon, It might pop higher first (bull trap) before commencing a short term down trend before the next pump over 9k
actually this was for yesterday =) delayed post. usually altcoins will have bigger movement % compare to bitcoin both ways.