Temporary Upward Correction for BTC/USD
I believe we will see a couple days' correction for BTC upwards to possibly around $9.5 tops. After that we will most likely continue our bear trend we are currently in. You can see that we are currently pretty far off the Tenkan line on the 1d charts so we will want to consolidate back to that line.
You can also see that the Stoch is tell us that our RSI is out of momentum, so we need to get the RSI to go up some. That occurs by going flat or up on the price. I believe since we are so far off Tenkan that it will be up instead of flat movement.
You can also see that the Stoch is tell us that our RSI is out of momentum, so we need to get the RSI to go up some. That occurs by going flat or up on the price. I believe since we are so far off Tenkan that it will be up instead of flat movement.
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