Upcoming news may affect technical analysis of BITCOIN seriously
There are a lot of sensitive news around the world about bitcoin regulations. No matter what the reporters or editors talking about, I still prefer technical analysis.
On 15 Jun, we saw a strong low test bar which stood strongly Fibonacci Retracement 50% level. It gave us a nice uptrend base line.
Although the bears have already slashed 27% in the last few days, it seemed that NOT ENOUGH to hit the oversold area (Stochastic 14,3,3,)
Buyers hope some supports on 2329.41 today, so the reversal signal triggered.
Short term sellers may draw the price downwards to 2100.
On 15 Jun, we saw a strong low test bar which stood strongly Fibonacci Retracement 50% level. It gave us a nice uptrend base line.
Although the bears have already slashed 27% in the last few days, it seemed that NOT ENOUGH to hit the oversold area (Stochastic 14,3,3,)
Buyers hope some supports on 2329.41 today, so the reversal signal triggered.
Short term sellers may draw the price downwards to 2100.
Comment:
If today's close price is less than yesterday's lowest. Then we will have a Lower High, SHORT will be triggered and plummet to S1 for a correction..
Comment:
