Decision time for BTCUSD

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Next couple days will be interesting for BTCUSD . After getting close to $6200, we saw some bearish divergence on various indicators such as MACD and RSI which hinted at the pullback it's currently on.

Some things to consider right now:
* It's sitting above an ascending trend line that started in mid September
* Currently finding support on the 23% fib
* We recently saw a weak bearish TK cross on the ichimoku cloud system
* In addition to the trend line , it's also finding support on the cloud itself

I personally don't expect it to blow below the trend line without at least crawling up it for a bit. If we break below it, look for support along the fib levels. 50%, for example, would be near ~$4590. If we bounce up from the trend line , expect some more resistance near 6k and $6200.
Comment: Ended up bouncing. 6k and 6200 beyond that will be interesting.
Comment: May be coming down to test the ascending support line in the next day or so.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out