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CoinDesk Markets Profile picture
CoinDesk Markets
@CoinDeskMarkets
Official @CoinDesk markets channel for cryptocurrencies, #bitcoin, technical analysis and market movers.
Jul 16, 2018 • 4 tweets • 3 min read
#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