https://www.tradingview.com/x/MUmZt3Dn/  As expected we did get a big $500 bounce. We had bullish engulfing candle that closed near the highs. A close above 7,550 is needed to confirm a continuation towards the $7,800 resistance level. A move to this level will also confirm a medium term bottom. Still way early to talk about a long term bottom however. The TD Indicator flipped to green 1 today. RSI bounced, MACD flattening out and getting ready to cross up potentially. ### Weekly: Down ### Daily: Neutral ### 4 hour: Up ### 1 hour: Neutral ### Prediction for the day A consolidation in the $7,500 area before a move higher above $7,600. ----------------------- If you don't have a BitMEX account yet please use this link to register and get 10% off commissions: https://www.bitmex.com/register/WGhKhX Signup for the first fully decentralized ALT coin exchange: https://www.altcoin.io?kid=KAVYG
| author | cryptoaddict |
|---|---|
| permlink | btcusd-daily-chart-update-may-30-2018 |
| category | cryptocurrency |
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| voter | weight | wgt% | rshares | pct | time |
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| cryptoaddict | 0 | 9,543,162,231 | 100% | ||
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