BTCUSD Daily Chart update - June 17, 2018
Yesterday's low was $6,320. I was expecting a little lower before a reversal. We need to break $6,600 with conviction to have a chance for a daily reversal and some more sustained upside. Daily TD flipped to green 1 today. If we manage to stay in a relatively tight range today and make a new high tomorrow we will have a daily buy signal based on this indicator. The MACD has flatten out and might cross up if we advance towards the $6,700-6,800 area. The RSI will also cross 50 and become bullish at the same time. I believe BTC will surprise everyone with an upside move. The overall sentiment is quite bearish at the moment.
Weekly: Down
Daily: Neutral
4 hour: Up
1 hour: Neutral
Prediction for the day
A move above $6,600
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