BTCUSD- Fakeout or move up coming?
Little quick pump to $6300 late last night, it got rejected quite hard and now resting at $6225 resistance turned support. That is a good sign, its just a matter of getting that to move up further. This move is one of two things right now, it might be a stop run/fake out.
What this means is basically, it could be a move up simply to fill shorters liquidity. This would suggest immediate downside.
If its a bullish move then it will continue up for awhile longer before making a dump down.
Posted from my blog with SteemPress : http://bullsvsbears.vornix.blog/2018/10/14/btcusd-fakeout-or-move-up-coming/