Bitcoin is in process of moving lower. You can see this pretty clearly and simply by looking at the 50 Day SMA, 100 Day SMA and Keltner Channels.
Essentially this is an action-reaction process. Looking at the March-April time period the Bitcoin price fell below the Keltner Channels (most or all of one candle body) for 17 days.
During May and June the Bitcoin...
So we've just touched the 1 day 100 Moving Average on all exchanges. Traditionally it could be a place where we do the hokey cokey for a bit, but given the circumstances with RSI being very high and the OBV OSC divergence we've seen for the last 3 legs up here - I believe it's time for a retracement. We are currently in the 1 day cloud and have come close to...
