BTCUSD Daily Chart update - June 14, 2018

in cryptocurrency •  6 years ago 

https://www.tradingview.com/x/8A4nNTCm/
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After 4 daily closes outside of the BB band and an oversold RSI we are bouncing. The first target for the bounce is the broken support at $6,600. The max bounce target is the $7,000-$7,150 area. The most likely target is around $6,800. We also had a TD 9 reversal on 4 hour chart. I am expecting this bounce to last anywhere from one to three days.

Weekly: Down

Daily: Down

4 hour: Neutral

1 hour: Up

Prediction for the day

Consolidation in the $6,400s and a possible continuation of the bounce towards the $6,600

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cryptocurrency bitcoin chart technical analysis
6 years ago by

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