Hi! I will share my interpretations with you!
But be aware, because they are my interpretations, each graph I make the adjustments depedendo of how I interpret, and of which asset I am looking, and with which I am comparing.
They are not investment tips! They are my thoughts, and of course you can question them, or complement them!
I like to invest over the medium to long term, and not day trade!
So we're seeing the bitcoin go down..
I like to look at the bitfinex graphic, because the volume is very large there.
This chart is BTC / USD - Candle 1D:
Let's just see the price.
We can see that it started a bullish trend in early April at approximately $ 6,500, which started a downward trend in early May, after two attempts to overcome the resistance of the average value of $ 9800.
And it is important to see that we are still in the high starting trend in the beginning and February.
Although at the same time we are within the low started in the middle of December.
We can see that it has gained a resistance, but without volume strength. Falling back.
And now?
We can not see the future .. But I believe we are on a good path, no matter how long it takes.
We can see a lower volatility, and litecoin also decreasing ..
And bitcoin's NVT smaller than other assets competing rather than directly ..
And not to overstretch the RSI, showing that the sale is losing strength ..
I use a long RSI, I already said that I'm a little different ..
I believe as many, that bitcoin is in the promotion .. for as much as they are selling, while the whales are more for sharks waiting to attack..
Of course you can drop more and get to the bottom of $ 5500, anyway if you climb the next resistance is 35% profit, and if you fall, you have to wait, there is no way ..
Investment has to be patient and calm, expect the best moment in general, and don't hitting exactly the maximum and minimum value..
pay attention to the price and volume, and also the value of the currency, and valorization potential .. we have a market in promotion ..
Remember are my interpretations !! It's is not indication of investment !!
But I hope you like it, and make good profits, and invest here with me in steemit!
Good profits!