BTCUSD Daily Chart update - June 19, 2018

https://www.tradingview.com/x/WEzMvtii/

Yesterday we had a $400 green candle. Some attribute the advance to the news that Square got a BitLicense from New York state (https://www.coindesk.com/square-gets-a-bitlicense-new-york-crypto/). We broke the $6,600 resistance that was holding the price for a few days. We also had a TD buy signal on daily. MACD is about to cross up and RSI is above 50. We should advance further to $6,950-$7,050 area. $6,950 is currently the tenkan cloud line. $7,050 is the trend line from the all time high. $7,088 is the 20 day moving average and the middle of the BB band. I expect that to be a strong resistance for now. If we break that area next levels are $7,350 and $7,500. On the downside if we go back bellow $6,600 it will be very bearish and we will break $6,000 in a hurry.

Weekly: Down

Daily: Up

4 hour: Up

1 hour: Neutral

Prediction for the day

Advance toward $6,850-6,950 area

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