BTC/USD TA
V - shaped recovery of Bitcoin left the entire CC sector in the state of limbo where it still currently is. But, since BTC stopped short of challenging the confluence zone of 1D 34 and 89 WMAs (as it was pointed here https://steemit.com/technicalanalysis/@srezz/6ip81o-btc-ta) it implies weakness and unless we see a strong attempt to do so the weakness will increase.
https://www.mql5.com/en/charts/7367129/btcusd-d1-distel-enterprises-co
For BTC to find its direction it has to close either above $2323 on 4H basis or below 4H 89WMA (brown) or in absolute terms - below $2200.
PS. All numbers are based on xBTCe pricing, for the more liquid exchanges all levels have to be increased by $50-70
https://www.mql5.com/en/charts/7367168/btcusd-h4-distel-enterprises-co
BTC - will trade between 2300-2500 through the end of this week unless more good news about SegWit implementation comes out at which point it could break through 2500 and test 2750 again. The move down could test the 2100-2150 levels but I would see that as a huge opportunity to open up some long positions.
My morning thoughts below.
https://steemit.com/cryptocurrency/@ladimando/overnight-thoughts-and-entry-points-btc-eth-ltc
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