4th Street Bar Hive-Bar

Hive-Bar Powered by Hive beta-fdb5b5b

Community post

Bitcoin's price can go up !

We expected Bitcoin to find support close to 6,250butitplungeddownto6,250 but it plunged down to 6,120.45 on July 12. This invalidates our expectations of an inverse head and shoulders pattern. Still, if bulls defend the zone between 5900and5900 and 6075, the digital currency can form a double bottom.

Led by Bitcoin, most cryptocurrencies are showing a positive divergence on the RSI. However, until confirmed by a bullish price action, we can not take a trade on the basis of this divergence alone

So, at what point does the trend change?

![Screenshot - 7_14_2018 , 8_51_31 PM.png](https://cdn.steemitimages.com/DQmZYhQpc9iMHcraWTSsbwhVhYAFbKQUhUvjFb6ti5qGUZi/Screenshot - 7_14_2018 , 8_51_31 PM.png

what is you opinion please comment !

3 upvotes $0.00

Replies (0)

Conversation

No replies yet

Replies will appear here as people join the conversation.

Review before signing

Posting as . Signing with . Keychain permission: Posting. Hive Keychain will ask you to approve this action next.


  
Technical details

Operation fingerprint: