More down in the short term

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The Stochastic on 1D shows overbought and bearish cross, which has been pretty reliable so far. Judging by past behaviour the price is likely to continue downward till around $6000 level which may be a good place to go long, assuming we make and keep a higher low. The RSI crossing above 50 and going back down is also not a good sign for bulls and we're now back under 21 EMA resistance.


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