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RE: BITCOIN –Short-Term Update, Bias, & Key Statement for 6-10-2018
Thanks for the update! So you expect at least a new local low, and maybe a new calendar year low. Do you expect any kind of bounce first? Seems like it’s been a pretty straight line down the last day or so.
A bounce first is likely, however, I'm looking for a marginal new low beneath the most recent low, and one that carries with it a bullish divergence on the RSI. That should usher in some sort of bounce. As usual, we'll have to observe the nature of such a bounce closely.
Thanks!