BTCUSD Daily Chart update - May 30, 2018

https://www.tradingview.com/x/MUmZt3Dn/
download.png

As expected we did get a big $500 bounce. We had bullish engulfing candle that closed near the highs. A close above 7,550 is needed to confirm a continuation towards the $7,800 resistance level. A move to this level will also confirm a medium term bottom. Still way early to talk about a long term bottom however. The TD Indicator flipped to green 1 today. RSI bounced, MACD flattening out and getting ready to cross up potentially.

Weekly: Down

Daily: Neutral

4 hour: Up

1 hour: Neutral

Prediction for the day

A consolidation in the $7,500 area before a move higher above $7,600.


If you don't have a BitMEX account yet please use this link to register and get 10% off commissions:
https://www.bitmex.com/register/WGhKhX
Signup for the first fully decentralized ALT coin exchange:
https://www.altcoin.io?kid=KAVYG

Sort:  

Congratulations @cryptoaddict! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of posts published

Click on any badge to view your Board of Honor.

To support your work, I also upvoted your post!
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last announcement from @steemitboard!

Do you like SteemitBoard's project? Vote for its witness and get one more award!