Runway9

BTCUSD - Still hasn't come out of Bearish Zone

BITSTAMP:BTCUSD   Bitcoin
For the last 20 days RSI has been in bearish zone. It hasn't entered bull zone. I would wait for some more time to buy until I get a clear direction from the market.
Positive money flow is very low and slow but steady. Based on chart and indicators I believe there is a possibility that it touches 3K again before giving any major +ve bounce.
Disclaimer: This is just my opinion based on my experience and analysis. Trade at your own risk.

Penafian

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