CoinDesk Markets Profile picture
Jul 16, 2018 4 tweets 3 min read Read on X
#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

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