THELOGICALINDIAN - Bitcoin has a appropriate attributes one of the best airy currencies of the apple will either become acutely airy or it will go into coma approach for canicule at a amplitude And it is during those abeyant canicule that bazaar participants actively continued for some animation Right now we are missing the volatility
Bitcoin is currently trading at $276.49, bottomward 0.52% back yesterday. With this, Bitcoin has continued its band of no cogent activity to seven days. The broker accord is on the lower end.
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Technically, from the attending of the daily BTC-USD amount chart, it seems that Bitcoin is testing the backbone of the bazaar participants and we may see a fasten anytime soon.
Bitcoin Chart Structure – The cryptocurrency continues to abide trapped central $275-281 for a anniversary now. It has been authoritative attempts to abutting aloft $280, but the efforts accept accepted not enough. The abutment of $271.50 is accepted to be broken calmly in case of a abrupt fall.
Moving Average Convergence Divergence – The MACD and the Signal Line are advancement their absolute values. With MACD at 5.3689 and Signal Line at 8.1852, Histogram is still beneath the 0-level at -2.8163.
Momentum – The Momentum readings, alike admitting off from lows, is still actual abrogating at -11.0600.
Money Flow Index – The MFI is alpha to arch lower; the latest amount is 41.6739.
Relative Strength Index – The RSI is calmly aloft the 50-mark absorption that all is not absent for the bulls. The contempo amount is 54.0214.
Conclusion
Market participants are missing the airy aspect of Bitcoin now. But in times such as this, trading should be done alone abreast the extremes as discussed beforehand in Deafening Silence.
Do not resort to actuation trading as there are no bright upside or downside targets. Wait for an befalling to arise.
