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BTCUSD Showing Signs of Weakness
BTC has met a confluence of resistances - previous support that held almost six weeks, 61.8% retracement from the last plunge, and the 50 MA depressing the price since it has hit the 7,500$ local high. Moreover, TD Setup perfected with recharged oscillators, plus RSI breaking now the uptrend that has been forming since the selloff apex.
I expect the BTCUSD rate to retest with increasing volumes the instrumental support level of 3000s USD .
I expect the BTCUSD rate to retest with increasing volumes the instrumental support level of 3000s USD .
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