cheungngo

BTCUSD no rallies yet

BITFINEX:BTCUSD   Bitcoin
1. Conversion line down-crossing the baseline
2. Large candle down-crossing both the conversion and baseline
3. Well resisted by the cloud
4. No cloud conversion ahead
5. Lagging span well below the cloud

Short term:
6. Baseline may have some magnetic effect, driving the price upwards

others:
7. MACD still below zero
8. Stoch buying sign

Conclusion: may have a short term rise up to 3900, longer term still bearish

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