BTC bounce at 6000 USD
Updated
My guess is that BTC will bounce at 6000 USD. I don't think that the bull run is over yet. As long as the price stays within the pitchfork we should be fine. A daily close outside of the pitchfork would be bad.
The Tenkan and the Kijun formed a c-clamp which signals that BTC was heavily overbought, and the correction is currently taking place.
6000 is the level of previous resistance. If it breaks, your best bet would be to set buy orders on the Kijun level. Which is currently somewhere around 5500.
The Tenkan and the Kijun formed a c-clamp which signals that BTC was heavily overbought, and the correction is currently taking place.
6000 is the level of previous resistance. If it breaks, your best bet would be to set buy orders on the Kijun level. Which is currently somewhere around 5500.
Note
Broke 6000 and buy order hit at 5500, then bounced. Don't let the current BCH fud fool you. BCH has been pumped, fomo has kicked in like crazy and people are congesting the BTC network by pumping thousands of fake transactions unfortunately. BTC will become more profitable to mine than BCH so this will soon be over.
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