Bitcoin: Update 17 Jun 2018

indoanonym (25)in #bitcoin • 6 years ago

Hi Steemit Friend,

BTC 4h.png

Bitcoin was declined heavily against the US Dollar in the past few days and recently The pair is currently trading well below the $7000. The recent low was formed at $6100 before the price started trading in a range, Bearish Divergence was formed indicating the pair may continue to move down to the next support level.

BTC 1D.png

Daily chart is showing the downtrend is weakening, the printed candle is getting more shorter as the price entering support level area between $6400 & $6600, RSI is entering Oversold Level. This indicating the price may consolidate in this area but for now the overall price action is still bearish.

Let’s See...

Disclaimer: This is not financial advice. I’m just giving idea, all trades it’s completely in your responsibility. Make sure you use trading management properly to avoid losses.

#cryptocurrency #money #trading