Once again, the 50 MA is angling up. This means the trend is intact.
We bounced off of $7000 or thereabouts and held which was also a major fib area of support. If we had closed below 6800 I might be thinking differently.
is showing oversold and about to turn up.
9, 12 and 15 MA's don't have a crossover and are still indicating an upward trend thus still good.
We were overbought on the , so we had to correct a bit since we were outside of them for several candles. This small drop just brings us back into realignment.
Green Arrow Under Candle Indicates Oversold. We Will Reverse.
There's some weakness in the histogram and green/red lines, but it's not catastrophic.
We probably got overbought because of the Chicago News and the Segwit Fork. I expect that after the Fork, we'll go to $8000-10,000 by year end.