pnaik732

accumulation continues

pnaik732 Updated   
BITSTAMP:BTCUSD   Bitcoin
Switching to neutral-bullish bias. Still waiting for more confirmation of the repair line breakdown to go full neutral. Short term hard to predict but if you liked BTCUSD above 42k you have to like it better now. Bull case not over, but other than for a retest the 37k to 42k region is less inspiring.
Comment:
If you're a bull, the weakest hands must already have been shaken out by now. But the whales are probably still waiting for signs of life to start swimming
Comment:
Short term bounce thesis in any case supported by RSI and DeMarker getting low
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