ThomasManning

Where to now for BTC?

KRAKEN:XBTUSD   XBT / USD
We have 2 separate RSI trends currently battling it out on the 15 min time frame. Frankly i think we are going down more to hopefully set a 4 hour higher low somewhere around the 8450 - 8550 range which should line up with some the outer range of the hourly bollinger bands . The key indicator that has been sending us into a bear attack these past couple days has been rejection off the EMA 12 line. Whether we rinse and repeat or push through both 1 hr             GDAX emas will be the sign that we are likely done consolidating for now IMO             .
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