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magnus_turing
Jun 16, 2018 7:55 PM

Close / Trading on June 17 below 6302 = Good Sign 

Bitcoin / United States DollarCoinbase

Description

Assuming we see a close today below 6450 we are setup tomorrow to see a slight pullback on lower Sunday trading volume (as is the current trend for weeks).

If we see tomorrow's close below 6302 we are in a nice territory to see a reversal next week to kick off at least a 1 to 4 day of slight upward momentum before the market decides to pull back further or make a true reversal.

I'd think we'll see at least a few days of positive movement to kick off our week given our current trading environment.

If we only see a 1 candle correction to the upside before a further continuation down, I'd expect another possible push down into the 5000's to end next week. Upon which I'll be increasing my positions.
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