BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Ok- there are multiple things on this chart to consider.
1) BTC is below 200dma
2) Structure resistance is a 6K
3) a possible Hammer Candlestick is forming and my be an indicator of a reversal-Time will tell
4) MACD is wide and continues to show downside.
5) Alt Coins such as Ripple are tied to BTC movements and may be affected.
6) This may be an accumulation period.

Mar 15
Comment: Hammer Candle is proving out on 4 hour chart

Small uptick is occurring

Mar 16
Comment: Hammer is proving positive!!!!
Mar 18
Comment: Hammer Stick Candle false signal. Reassessing the conditions. BTC is looking lower.
Mar 18
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