BTC - Still Neutral for now

15 Kas 2018

Price is still inside this sloping triangle formation - stopping at a key junction (Long term trend line and the Weekly 200MA). Price is at 21 (oversold) on the RSI so I would expect at least a bounce up towards the top of this triangle @6200-6400, where bulls may be trapped once again, or even to meet the 200 Daily MA which currently sits around 7000. A definitive break either side of the triangle is significant of course.