Bitcoin BTC - Trading Update - Morning Analysis - 06/14/18 - Trying to Bottom!

bitcoin_analysis.jpg

On the one day chart the RSI has bottomed out to levels we have not seen since 2/5/18. The MACD may have a little way to go. The volume has been a little above average. The problem is that there are no recent points of support. We have to go back to 11/15/17 to find points to draw support which will be at $5795.

The 4 hour chart is showing that Bitcoin is moving off the bottom with the RSI and the MACD moving up. Bitcoin is trying to get back to the 20 day moving average.

We are almost fully invested at this time.

4 hour

btc4.jpg

1 day

btc.jpg

If you don't have a Binance account, and like our posts, and are going to set one up (especially to trade STEEM) we would appreciate if you support our efforts by using our referral link. It doesn't cost you anything and it helps fund our efforts. Mahalo.

Click here to set up your Binance account

(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.)

Coin Marketplace

STEEM 0.30
TRX 0.12
JST 0.033
BTC 64029.44
ETH 3157.04
USDT 1.00
SBD 4.02