BTCUSD Daily Chart update - May 29, 2018
https://www.tradingview.com/x/Ll46W806/
The slow grind down continues. I was expecting a quick dump under $7,200, but there is a lot of bids supporting the price and the selling is still orderly. TD is on red 8 and tomorrow we might see a reversal based on this indicator. MACD trending down, RSI staying at oversold levels. Price is very close to the big trend line. For today the trend line comes at $6,960. All timeframes are bearish again.
Weekly: Down
Daily: Down
4 hour: Down
1 hour: Down
Prediction for the day
A dip bellow $7,000 followed by a large bounce today or tomorrow
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