BTC Daily: Move higher looks corrective

3 thg 6, 2018

BTC Daily: BTC has found a base just above $7000. I am not convinced that headwinds for BTCUSD are over and the range of the last 4 candles on the daily chart seem to me as corrective rather than impulsive, let alone the declining volumes. I can not ignore the fact that MACD is giving a buy signal and that is the only reason I am not keeping my outright bearish outlook but more of a neutral stance. If we continue to move higher in a corrective fashion (and in the absence of positive impulsive candles), my take is that we will soon reach levels where selling makes sense again. #notaninvestmentadvice #pleasedoyourownresearch. #justmyownview.

4 thg 6, 2018

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Voila... last days' move looks indeed corrective after all.