Update On Bitcoin: Are We Losing Momentum?

Bitcoin Daily (1)

• prices continue to push up despite the bearish divergence on the RSI
• minor bearish MACD cross, with a shy MACD - Histogram building
• currently riding along the 21 day EMA (yellow)
• a revisit back at the 6500$ levels (previous resistance) isn't excluded

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Bitcoin Daily (2)

• we still have ideal Ichimoku conditions: hovering above the Tenkan, which is above the Kijun and the green cloud
• however, a big gap between the TK & KJ usually signals a correction
• OBV also flattened out, with the double top, indicating that the bulls are losing momentum lately
• if OBV breaks down from this triangle pattern, it could signal an upcoming correction

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Moving Averages

• the 13 day EMA (green) and the 21 (yellow) are supporting us .. but how much more?
• the trading volume is decreasing lately, which signal lack of interest
• IMO, patience is the key in this current situation

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Thanks for reading!

• My most used Exchanges:

  • Bitfinex - My most used exchange & Margin Trading
  • Binance - Most popular exchange & Top Altcoins
  • Kucoin - Excellent exchange, rising in popularity
  • Gate - For small cap / New coins
  • Huobi - Margin trading
  • Coinexchange - Big variety of low-cap coins
  • Tokok - Here you can find NEX!

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• DRUGWARS - Play smart and earn STEEM!

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