Stability but still some risk

3 thg 8, 2016

Things have stabilized with BTC since the news of the hacking of Bitfinex. This does represent a good opportunity to buy, but there is still risk as gauges of sentiment will take longer to assess. Futures are currently -1.8% of spot price, and indicators are still relatively bearish, thought he daily has made a cross over the conversion line for its first bullish sign. Given the market situation, the overall recommendation is still bullish from here.