Bitcoin BTC - Trading Update - Evening Analysis - 05/10/18 - Break Below $9000
Bitcoin has broken through the $9000 level. It is holding at the support of $8890. A break of that will take Bitcoin down to $8350. The volume is picking up but the MACD and the RSI are showing that there may be more downside to come.
The 4 hour chart is completing a Head and Shoulders pattern. We are hoping for some consolidation at these levels and a break off the support here.
4 hour
1 day
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(We are not professional traders this is just our opinion. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.)
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