BTC/USD Daily TA Neutral Bearish
BTC/USD Daily neutral with a bearish bias. Recommended ratio: 40% BTC, 60% cash. Price is currently retesting the uptrend line from March 2017 at 
29K as support after breaking back down below $30507 support. Volume remains moderate and is currently on track to end the three day streak of buyer dominance if it is able to close today in the red. Parabolic SAR crosses bearish at $25409, this margin is neutral at the moment. RSI is currently trending down at 32.71 after forming a peak at 36; the next support is at 25.60. Stochastic remains bullish and is currently trending up at 37; it is still technically testing 29.70 resistance. MACD remains bearish and is currently trending sideways at -2848; it is still technically testing -2497 support. ADX is currently trending up slightly at 42 and appears to be forming a peak as Price is attempting to defend this critical support; this is mildly bearish. If Price is able to establish support at $30507, then the next likely target is a test of $36258 minor resistance. However, if Price loses support here (and at the uptrend line from March 2017), then the next likely target is a test of $24180 and potentially lower. Mental Stop Loss: (two consecutive closes above) $30507.
29K as support after breaking back down below $30507 support. Volume remains moderate and is currently on track to end the three day streak of buyer dominance if it is able to close today in the red. Parabolic SAR crosses bearish at $25409, this margin is neutral at the moment. RSI is currently trending down at 32.71 after forming a peak at 36; the next support is at 25.60. Stochastic remains bullish and is currently trending up at 37; it is still technically testing 29.70 resistance. MACD remains bearish and is currently trending sideways at -2848; it is still technically testing -2497 support. ADX is currently trending up slightly at 42 and appears to be forming a peak as Price is attempting to defend this critical support; this is mildly bearish. If Price is able to establish support at $30507, then the next likely target is a test of $36258 minor resistance. However, if Price loses support here (and at the uptrend line from March 2017), then the next likely target is a test of $24180 and potentially lower. Mental Stop Loss: (two consecutive closes above) $30507.
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