calumon
Short

Bitcoin drops and drops - Short term analysis

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Right now, Bitcoin behaved as expected. I thought it would go up more but MACD already went shortly bullish in 1h. So, I'm fine with it.

I'm expecting this to happen again. MACD will likely go towards cross in 1h. But looking at the overall situation maybe only in 30 min. All in all, it's just a gimmick if it happens. The direction is going down and down. For now, I suppose 6200 USD is the next target as a double bottom kind of thing.

Bitcoin rushes either directly down more or it makes some consolidation there.

The moves which happen right now look like we will clearly go under $6k the next days. That's quite something considering how Bitcoin bored us recently...

Best part: If you buy, you lose. If you sell, you lose. That's a perfect setup right now.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out