slayerinstance

Daily short term view

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BITSTAMP:BTCUSD   Bitcoin
now btc pending in the 9590 and 8900 as we expect
now what we confront?
1.from 1H chart, in the future, there is a potential rise
2.from 4H chart, the green area maybe a reverse, IF this area miss or breakout, then we drop to further deep
3.RSI and volume is still healthy
4.good news from China needs time to Digestion properly.
So in short term, I expect an rise in green area, though in long term view, we are still in down trend before we manage to get 11000
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