BITCOIN - Short Term View: NEUTRAL

in #bitcoin6 years ago

Are We Going Up Or Down?

We're currently in a no trade zone for me. Still unweary whether we're going up or down. Price is closing in on the bottom of the RSI which could mean a reversal. However if we break the RSI support then the price will also break the channel and that would make my two correction targets valid.

SUMMARY:

  • As expected, price dropped to the bottom of
    the channel.
  • Still bearish divergence when the price is moving
    up in a channel and RSI is moving down.
  • If we break the RSI channel, then we're probably
    heading down to one of the yellow target areas

Screen Shot 2018-06-08 at 15.12.05.png

Mid Term View: BULLISH


Screen Shot 2018-06-08 at 15.28.02.png

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Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.