Good evening, Today we've seen some negative news from Japan regarding ban of anonymous cryptocurrencies such as dash, monero, etc. Positive news is that market haven't dropped deep - it means all the negative is already embedded in price. Now i see a possibility of breaking the local downtrend with the head and shoulders pattern .
But we still can go further down when China wakes up.
Another interesting news. RecentlyI've seen a broadcast on CNBC where a head of hedge fund said that bitcoin has bottomed. https://www.cnbc.com/video/2018/05/31/bitcoin-may-have-found-its-bottom-technician-says.html
CNBC is a band of crooks and we should not trust them as they help marketmakers. So I expect dip more than the growth in a short term - I still consder 7000 as a key level. But anyway from my point of view mooning is soon and I am already in my positions.
Another reason to hold your coins tight is a hidden bullish divergence on a daily timeframe.
Telegram-channel - https://t.me/samuraisatoshiHere you could quickly connect with me and discuss everything you want- https://t.me/joinchat/E3LtLQ9nl6J-avWACcS1IA