CoinDesk Markets Profile picture
Jul 16, 2018 4 tweets 3 min read Twitter logo Read on Twitter
#BTC/USD APAC Snapshot:

Outlook: Bear pullback

$BTC finding resistance with Daily RSI struggling to break above the historical line at 46 points.

Bearish MACD.

Increasing bullish volume to back rally past $6,386 is possible.

Bulls want to pierce $6,400 1st.

#bitcoin
#BTC/USD Update

Outlook: Bulls hold post pullback

Price retraced by only $50, a telling sign that #bitcoin bulls still have some strength left to hold current levels

Equil pattern starting to take shape with higher lows, lower highs on hourly

Retest at 6,400 more likely

$btc
Fair sized buy order of 52.1 #BTC ($350,961.6) on #Bitfinex maintaining prices at current levels for #bitcoin at $6,358.
#BTC/USD Update

Outlook: Bullish

78.6% Fib Retracement Line acting as resistance with support along the 21EMA (white) creating a tightening channel.

Technicals hint toward further growth with bearish MACD histo ticking down

Watch for a break above 6,360 to confirm bull bias

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with CoinDesk Markets

CoinDesk Markets Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(