BTC vs USD Friday 11th May 2018:
👀 A boyant bullish bid faced a predictable friday downward pressure during early morning Asian trading as traders took profit before the weekend.
🤑 Demand is still high amongst traders - even with under average volume.
🔔 Stochastics has dipped through the key 55 balance as we highlighted as a interesting pivot point yesterday and is now sitting firmly in the oversold territory. We have updated a hypothetical return to overbought extension in dashed grey.
The $9k level coincides with adjacent fib level and 26 period MA and could serve as a firm support during the weekend as we run into the Consensus blockchain summit in NY next week.
A further break to the downside would be met with rampant demand around the $8900 to $8500 ranges. Traders could take advantage of an under average price to accumulate for the next price pop.
In other news:
Controversial Chinese smart phone manufacturer Huawei releases bitcoin wallet on their 'InApp' Store, comes pre-installed on all new huawei smart phones sold in china - https://cointelegraph.com/news/huawei-releases-bitcoin-wallet-in-app-store-pre-installed-on-all-new-smartphones
RobinHood App rasies $363Mln to expand zero-free crypto trading across the whole of the US! https://cointelegraph.com/news/robinhood-app-raises-363-mln-to-expand-its-zero-fee-crypto-trading-platform-us-wide
https://t.me/BTFDdotcomFEED
https://www.buythefuckingdips.com
https://steemit.com/@majorleeblunt
https://twitter.com/majorleeblunt
Disclaimer:
Please note that the above information is for educational purpose only and is not to be taken as investment advice. Other Cryptocurrencies are available.
