Bitcoin : Update 29 May 2018

indoanonym (25)in #bitcoin • 7 years ago

Hi Steemit Friend,

BTC 4h.png

Bitcoin in the past few days still declined and moved in a bearish zone against the US Dollar and recently The pair is currently trading well below the $7.3K. Hidden Bearish Divergence was formed three days ago and it's indicating continuation of the downtrend. But today based from chart it's look like Bitcoin is forming Bullish Divergence but it's still too early to confirm it.

BTC 1D.png

Daily chart is showing Bitcoin remains in a major downtrend and it could continue to decline towards $7K or maybe lower to $6.5k. RSI is reaching oversold level together with momentum is begin to slowing down. So hopefully Bitcoin will found some support soon.

Let’s See...

Disclaimer: This is not financial advice. I’m just giving idea, all trades it’s completely in your responsibility. Make sure you use trading management properly to avoid losses.

#cryptocurrency #money #trading

7 years ago in #bitcoin by indoanonym (25)

$0.00