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alexcrypto
20 Dis 2017 pukul 07.37

$BTCUSD - Bounce off the Kijun on 6H or keep correcting 

Bitcoin / DollarBitfinex

Huraian

As per previous price action, we bounced off once again from the 6H Kijun line.

Indicators show oversold conditions, so a retrace to higher is probable, however the overall picture is a bit different this time than the previous 2 bounces (highlighted by the yellow circles)

- RSI / CCI have both extended in the bearish territory
- MACD shows that a sell off momentum still in place

From here we can either continue the rally or correcting further as per my long term analysis (see below)

Trade safe.

Komen

Bounced from the Tenken as per the analysis
Komen
tingui
Thanks Alex, much appreciate :-)
alexcrypto
@tingui, you're welcome
Lebih