bitcoin day trading

Bitcoin down -5.36% from yesterday’s high of $5823,96 bulls seem exhausted

May 4, 2019 5:31 pm Published by Leave your thoughts

In my yesterday’s post I mentioned that when Bitcoin comes down around $5600 or $5550 then I might be tempted to open another long position. While Bitcoin did in fact fall all the way down to $5512, the head and shoulders pattern which has now formed on the hourly has me slightly worried that this is only the beginning of a bigger downward move. All in all it looks rather tempting to go long because the Relative Strength Index is showing overbought signs although it’s not quite at the extremes yet of 30 and below. Furthermore MACD has not yet... View Article