BITCOIN
Another good dip from yesterday almost hitting the 6000 support zone, bounce off after testing 6123. Ladder entry for a possible short bounce (possible right shoulder of a H-S) also it's about time for reversion to the mean for MA and also the RSI very close to oversold.
News: (Current) https://news.bitcoin.com/sec-vaneck-solidx-bitcoin-etf/ | (Upcoming) CBOE BITCOIN ETF, 30 Sep 2018 (may be extended again up to 240days) | G20 FATF, Oct 2018
As mentioned previous in this post https://mspsteem.com/bitcoin/@onepercentbetter/5qmq2y-bitcoin they may extend and they did, new deadline around 30 Sep.
Short term moving average (day candle) : downtrend, hardly see the green MA skewing inwards to catch the blue on downtrend.
RSI : almost dip into oversold zone and slight bounce
Depth Chart : (S) 6000, 6200| (R) bear force really weak probably waiting around 6500~6800 to show up again
Weekly Timeframe : -
follow the whale
Disclaimer : This is not financial advice, it's all based on my personal biased opinion. Do your own research and put in the amount you can afford to lose.
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