quantguy

Nice Dip in Bitcoin!!

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin has given us a nice dip, after reaching $64.3K. It is perfectly reasonable for BTC to take a break after such an ascent. We are currently in the middle of a vacuum zone between $59.4K and $61.6K. The Kovach OBV has rounded off confirming the selloff. We should see nice support at current levels, which appear to be the top of a congestion zone from April 11th or so. It is doubtful we will break the $60K's but if this does not hold, we will see support from $59.4K, then $57.7K.

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