THELOGICALINDIAN - Bitcoin prices accept alone added than 4 afterwards it became official that Greece would accept allotment from both the ECB and the EU and that the Greek banks will accessible from Monday
In my antecedent assay blue-blooded Awkward Calmness, I mentioned that a above move was accepted in the Bitcoin bazaar and I anticipate now ability be a acceptable time for that.
Bitcoin is currently trading bottomward 4.18% at $277.84.
Image: https://www.tradingview.com/x/rH5ZhHqa/
Technical assay of the Daily BTC-USD amount blueprint aloft confirms that the bazaar has accomplished the abutment akin and affairs can be accomplished but austere stop-loss should be put in place.
Bitcoin Blueprint Structure – It was earlier acicular out that beasts were giving up the assets by the time the day came to a close. That happened in yesterday’s affair as able-bodied back the amount breached $280 and beneath to blow $274.92. The amount is currently ambiguous on the advancement angled abutment band (look at the blueprint above).
Moving Average Convergence Divergence – Following the amount decline, the Histogram has biconcave into the abrogating area and currently has a amount of -0.9234. The MACD and Signal Line, however, abide able with ethics of 10.5854 and 11.5087 respectively.
Momentum – The Momentum indicator has witnessed a astringent cut from antecedent ascertainment of 21.4600 to 12.3300.
Money Flow Index – The MFI has a accepted amount of 56.1785, lower than antecedent 60.1738.
Relative Backbone Index – With beasts dabbling abroad the advantage, the basal backbone has attenuated to 55.9893.
Conclusion
Bitcoin can be bought now but austere stop-losses charge be followed. With no absolute triggers in sight, we may attestant a selloff as well. Market participants should try to chase trades which accommodate them with a favorable risk-reward arrangement of 1:3.
