Chivashon

$BTC $BTC.X - Bitcoin - Coinbase

COINBASE:BTCUSD   比特幣 / 美元
Im not in a position to do videos this weekend so I am going old fashioned and typing this out. As i said yesterday i expected there to be a decrease today and we see ourselves with a bearish candle. The wicks though on both ends are about equal as some buy orders came in driving the price back up. We hit the 20 day sma line and rebounded which is typical and so far we are still above it. The 20 day sma is turning up slightly but MFI is below 50%, so we are losing volume and strength. If volume continues to decrease we will hit the 23% Fib line and hope for a bounce. Since we are hitting resistance at the 20 day sma we hope volume increases and we try to retest 11k once more. We do not have a confirmed up or downtrend right now so there is some uncertainty in the market. If you are looking to enter the BTC             market, I would wait until we see MFI or RSI above 50%, volume has to increase. If it doesnt, wait until we find our new low.
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