Bitcoin BTC - Trading Update - Morning Analysis - 04/05/18 - Support Established at $6830

in cryptocurrency •  7 years ago 

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The key chart now is the 4 hour. The break out attempt on 4/2 fizzled on an inside bar break to the downside down to the support at $6830 on 4/4. Bitcoin is Doji-ing out for the last 16 hours along the support line signaling quite a bit of indecision. The MACD is still to the downside, but the RSI looks like it may turn up. Most of our cash is at work day and swing trading stocks right now.

4 hour

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(We are not professional traders this is just our opinion. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.)

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