Tone_LLT

No Breakout, Back to Cash

BITSTAMP:BTCUSD   Bitcoin / Dollar
The set up for a breakout was good but not perfect. for over a week was hopping it would create a noticeable higher low around $365 right at the 200 MA but it turned up prior to that but was not able to make a new high.

so now what... Hard to say, some will call it a Lower low vs 10/16 while others can say it's the perfect higher low since the BearWhale but it would need to turn here or at $350 if there is some more selling.

The fact that the RSI is finally oversold is Good, but the acceleration in MACD is not also the Break of the 200 MA is not either.

No Trading today, in wait and see mode.
340
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good chart and rational thinking.
+1 Reply
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