Click On Charts To Enlarge:- Charts on this blog include - Cyrptos - Stocks - Forex - Market Indices - Commodities - Bonds

Sunday, February 11, 2018

Bitcoin Update


Bitcoin has found a short term support area. The long term momentum is still to the downside. Interesting how the 100 day MA and the weekly kijun sen are at the same level. Price is going to try to mean revert to the upside after over correcting. It is still a daily and weekly downtrend so there is no sign of a confirmed bottom yet.


Google trends 'how to buy bitcoin' search is showing a slight bottom. See if there is an increase in interest in this search over the next few weeks. This chart has been very accurate previously.



No comments:

Post a Comment