BTC Update 10.02.2018

in btc •  7 years ago 

Screenshot-2018-2-10 ▼ 8667 5 XBT USD [BMEX] - Coinigy.png

Keeping a level head we can observe the fact that RSI broke out the falling wedge.
The MACD is closing in on a bullish crossover.
Though the Stoch will soon indicate being overbought

Hence why i say a small pullback to the 200MA would be healthy, because of the overbought Stoch!

Screenshot-2018-2-10 ▼ 8675 XBT USD [BMEX] - Coinigy.png

Very simple chart showcasing the fact that an evening star is forming today, usually representative of a small pullback coming soon.
We rallied from 5800 to 9000, which is a lot actually, a small pullback to the 200MA would be healthy in my opinion

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