Bitcoin cost picked itself adult from a dry hollow building today. Although it’s looked some-more healthy, it appears zero is broken.
Bitcoin Price Analysis
Time of analysis: 15h00 UTC
Bitfinex 1-Hour Chart
From a research pages of xbt.social, progressing today:
Since yesterday’s low we’ve had 5 waves up. The allege has stopped during 15-minute 200MA (not shown) and is now trailing a hour 20MA (green). At tag 5 a allege is accompanied by retreat dissimilarity in RSI. In other words, RSI is indicating a high surpassing prior highs that cost is nowhere nearby reaching. Hence, a stream downward correction.
It seems that during slightest a proxy low has been struck during $350 and 2350 CNY, and we now sojourn on a surveillance for one of 3 outcomes:
1) Price is upheld during yesterday’s low and consolidates laterally before