SeranFinance

BTCUSD 9/21 Short Term Analysis

Long
BITSTAMP:BTCUSD   Bitcoin
Position Long at 9900~10000
Stop loss at 9500

Reasons:
O RSI at 30 in hourly candle (overbought)
O Bull Flag formation with temporary bottom found at 9950 ~ 10000
O RSI also forming a bull flag, ready to spike up
O Large amount of volume accumulated at the 9700 ~ 9900 zone
O Neckline formed if the 10100 line is broken with enough volume
O Next resistance is formed at 10300
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