Guys, following on from our FINEX intra-day update, XBT is showing considerable bearish activity from 5600$ and momentum indicators also showing that we could be at a temporary ceiling. I expect XBT price to edge towards the 5350-450$ range before a breakout to the upside - we will need to find a temporary price floor at this price range. Please keep an eye out of RSI using the 20 level on the 4 hourly as support as this could be a definitive mark of a turn around and a retest of current 37 level rejection on RSI.
Confirmations of a long to 6066$ for conservative traders comes with a break of 5617-5715$ on mex. I know this is a big gap but the reality of it is that this whole region was previously a support and it would be foolish to assume that a spike to 5715$ could still not be regarded as a bullish shakeout. Our target areas as outlined in the above chart are 5800$ and 5970$ respectively. None the less, we could go on to swing as high as the previous price floor of 6066$, which should now be a SOLID ceiling for price given the momentum we broke it at during the last meltdown.
These interactive charts have been hugely demanded by priority members and I can now see why. Expect a signal type call once price reaches our accumulation zones.
I have also linked the finex intra-day breakdown below.
Confirmations of a long to 6066$ for conservative traders comes with a break of 5617-5715$ on mex. I know this is a big gap but the reality of it is that this whole region was previously a support and it would be foolish to assume that a spike to 5715$ could still not be regarded as a bullish shakeout. Our target areas as outlined in the above chart are 5800$ and 5970$ respectively. None the less, we could go on to swing as high as the previous price floor of 6066$, which should now be a SOLID ceiling for price given the momentum we broke it at during the last meltdown.
These interactive charts have been hugely demanded by priority members and I can now see why. Expect a signal type call once price reaches our accumulation zones.
I have also linked the finex intra-day breakdown below.
