BITCOIN LOOKING TO GO DOWN FURTHER
DATE: 05/17/18
SYMBOL: XBTUSD
RESISTANCE: SPIKE HIGH 8896.3 / FIB 61.8 (8639.3)
SUPPORT: SPIKE LOW 8085.6 / FIB 50 (8230.7)
WHERE WITHIN: CURRENTLY IN LOWER RANGE OF CHANNEL
PATTERN: LARGE BEAR FLAG
NEXT SUPPORT: FIB 38.2 (7822.1) CLOSER TO 7725
MA: 50 JUST CROSSED UNDER 200
MACD: UNDER
RSI: 41
CCI: -122
TREND EXPECTATION: WATCH FOR BOUNCE AT SUPPORT FIB 50 (8230.7). PROBABLY DROPPING LOWER TO NEXT SUPPORT OF 7822.1
ENTRY: TREND MUST BREAK ABOVE FIB 61.8 (8639.3). APPEARS TO WANT TO BREAK SUPPORT. NO ENTRY AT THIS TIME DUE TO HOW CLOSE TO BREAKING SUPPORT.
***THIS IS NOT ADVICE FOR YOU. DO YOUR OWN DUE DILIGENCE.***
SYMBOL: XBTUSD
RESISTANCE: SPIKE HIGH 8896.3 / FIB 61.8 (8639.3)
SUPPORT: SPIKE LOW 8085.6 / FIB 50 (8230.7)
WHERE WITHIN: CURRENTLY IN LOWER RANGE OF CHANNEL
PATTERN: LARGE BEAR FLAG
NEXT SUPPORT: FIB 38.2 (7822.1) CLOSER TO 7725
MA: 50 JUST CROSSED UNDER 200
MACD: UNDER
RSI: 41
CCI: -122
TREND EXPECTATION: WATCH FOR BOUNCE AT SUPPORT FIB 50 (8230.7). PROBABLY DROPPING LOWER TO NEXT SUPPORT OF 7822.1
ENTRY: TREND MUST BREAK ABOVE FIB 61.8 (8639.3). APPEARS TO WANT TO BREAK SUPPORT. NO ENTRY AT THIS TIME DUE TO HOW CLOSE TO BREAKING SUPPORT.
***THIS IS NOT ADVICE FOR YOU. DO YOUR OWN DUE DILIGENCE.***
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.