THELOGICALINDIAN - The Greeks accept fabricated themselves heard loud and bright In battleground voting the bodies of Greece accept alone the European acerbity measures with after-effects assuming 61 percent voted No This leaves the fate of Greece in the easily of its creditors who now accept to booty a accommodation on whether to accumulate Greece in Eurozone or not
Bitcoin connected to accretion over the weekend on expectations that Greece would say ‘No.’ From our last observation at $256.14, Bitcoin jumped over 7% to hit a aerial of $274.74, a new 3-month high.
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A abstruse attending at the 240-minute BTC-USD amount blueprint conveys that Bitcoin is beneath able bullish control, and can be bought on dips.
Bitcoin Blueprint Structure – As can be apparent from the blueprint above, Bitcoin has registered a U-shaped accretion over the weekend. As it became added accessible that the voting hasn’t been as abutting as was ahead expected, and that the Greeks accept alone the bailout action proposed by the creditors, Bitcoin beyond the antecedent 3-month aerial on able trading (check out the blueprint above). Presently at $269, the cryptocurrency can be apparent retesting the antecedent high.
Moving Average Convergence Divergence – The MACD, the Signal Line and the Histogram, all three can be apparent at able levels afterward the surge. The latest MACD amount is 3.2936 while that of Signal Line is 1.6147. Thus, Histogram has a amount of 1.6789.
Momentum – The bullish amount activity was not a affected one; it was able-bodied accurate by able momentum. The latest Drive indicator account is 13.2600.
Relative Strength Index – The RSI indicator account of 68.2477 is actual abutting to the overbought level.
Conclusion
Bitcoin has become a buy on dips applicant afterwards the voting results. Buy Bitcoin abreast $256-258 while advancement a austere stop-loss beneath $252. Profit booking is accepted in the cryptocurrency.
