quantguy

Bitcoin Ready for Another Dip??

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin had another rally, but it looks like it is running out of steam. It started rounding off right around the technical and psychological $40K level. We could see lower prices soon, and a great chance to get in on a long trade. If we dip further, $36.3 is the nearest technical level. Next we will have support at $34.7K, then $33.4K, but of which are Fibonacci levels. The Kovach OBV is really strong however, so if we do see a dip, it will be momentary.

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