BITCOIN

in #bitcoin6 years ago

Screen Shot 2018-08-12 at 9.30.24 am.png
Consolidation zone start to form around 6000 zone, bulls and bears fighting. Some short covering going on. Shorts volume declining. Probably one more whale buy volume will trigger more short covering and chain effect for a short bounce. Possible HS in making as 6000 zone holds. On hourly candle, possible IHS in making if it breakoff the lower lows momentum.

Screen Shot 2018-08-12 at 9.29.33 am.png

News: (Current) | (Upcoming) CBOE BITCOIN ETF, 30 Sep 2018 (may be extended again up to 240days)
| G20 FATF, Oct 2018
Short term moving average (day candle) : downtrend
RSI : -
Depth Chart : (S) 6000 | (R) -
Weekly Timeframe : -

Disclaimer : This is not financial advice, it's all based on my personal biased opinion. Do your own research and put in the amount you can afford to lose.

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Foreseen a bear market ahead

yeah maybe =) actually longer term timeframe we are still in bear market

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