jhabermas

More down in the short term

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BITFINEX:BTCUSD   Bitcoin
The Stochastic on 1D shows overbought and bearish cross, which has been pretty reliable so far. Judging by past behaviour the price is likely to continue downward till around $6000 level which may be a good place to go long, assuming we make and keep a higher low. The RSI crossing above 50 and going back down is also not a good sign for bulls and we're now back under 21 EMA resistance.
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