BTC vs USD Wednesday 9th May 2018 [BTFD]
BTC vs USD Wednesday 9th May 2018:
📉 The gravestone doji closed as a spinning top in yesterdays mainly bearish trading, with a sharp sell off during Asian / Aus mornings.
🔔 Stochastics has fallen under the 55 key balance, sitting mid-range between the balance and oversold.
🤑 Based on the current trajectory a possible play could be a upcoming death cross, as highlighted in dashed line and circle on the chart.
The subsequent golden cross could hypothetically draw after the Consensus Blockchain Summit in NY on May 14-18.
In other news:
Blockchain is 'world changing' says U.S Congressman during Supply chain hearing - https://cointelegraph.com/news/blockchain-is-world-changing-says-us-congressman-during-supply-chain-hearing
Bitcoin to rally on consensus conference, fundstrat analyst says - https://www.bloomberg.com/news/articles/2018-05-07/bitcoin-to-rally-on-consensus-conference-fundstrat-analyst-says?srnd=cryptocurriences
Bitcoin roadmap for May 2018: https://www.tradingview.com/x/cEaViR8F
Interactive chart: https://www.tradingview.com/chart/BTCUSD/3oJH7ef8-Buy-in-May-and-go-away-Bitcoin-s-drive-to-new-levels-BTFD/
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