Update On Bitcoin: The Market Is Currently Undecided

Bitcoin Daily (1)

• we've broken the 21 day EMA (yellow) support for the first time since the uptrend begun and are heading toward the 55 day EMA (blue)
• however, the bearish MACD - Histogram is decreasing, indicating that the bears lose momentum
• the RSI is still in a bearish channel and currently does not indicate a certain direction for the current trend

_{Ctrl + Click here to enlarge the image in a new tab (steemitimages)}

Bitcoin Daily (2)

• we've also broken Ichimoku's Tenkan support, but I don't think that a major correction is going to happen
• the OBV is building a channel, meaning that the market is currently undecided
• the direction of the OBV's breakout could indicate the trend for the next period, so I'll keep an eye on it

_{Ctrl + Click here to enlarge the image in a new tab (steemitimages)}

Moving Averages

• we've broken the 21 EMA and are pushed down by the 13 day EMA
• the trading volume is also decreasing drastically, meaning that the traders are losing interest in the market for now

_{Ctrl + Click here to enlarge the image in a new tab (steemitimages)}

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!

---

• DRUGWARS - Play smart and earn STEEM!

---

Find me on Twitter for updates

---

STAY SAFE - TIP: ALWAYS CREATE A DIFFERENT PASSWORD FOR EACH EXCHANGE!
NEVER USE THE SAME PASSWORD TWICE!
SAVE THE PAGES TO YOUR BOOKMARKS, SO THAT YOU WON'T CLICK ON SCAM SITES!

Thanks for reading and safe trading!✌

If you find this post useful, please: