I do have some positive news here for once, Bitcoin is up for the day. At the moment it is trading around 8060 and we are up 3,6%. Here is the daily chart:
See my work over at Steemit: https://steemit.com/@freeforever
Comment: As you can see we are slightly above the intersection, we have a small margin of $100 and as long as we stay above 7960 for the day, we are on the right side of things.
However, I dont like being slightly on the right side, I want some bigger margin and it would be great to take out yesterdays high of 8211 (On Bitstamp). If that were to happen we will get a large engulfing sign as well, and that would indicate a daily reversal.
Otherwise, as long as we close above 8000 we are still afloat and alive, but that will increase the risk of a failure tomorrow.
Also, keep in mind that the Gann Box is not suggesting a change of direction until Friday/Saturday so we could potentially go down further or just go slightly up from here for the next couple of days.
Happy trading!
free forever qr code generator YES, Bitcoin Is Right Now On The Right Side Of The Intersection | |
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| Science & Technology | Upload TimePublished on 28 Mar 2018 |
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