Where to now for BTC?

9 Mar 2018

We have 2 separate RSI trends currently battling it out on the 15 min time frame. Frankly i think we are going down more to hopefully set a 4 hour higher low somewhere around the 8450 - 8550 range which should line up with some the outer range of the hourly bollinger bands. The key indicator that has been sending us into a bear attack these past couple days has been rejection off the EMA 12 line. Whether we rinse and repeat or push through both 1 hr GDAX emas will be the sign that we are likely done consolidating for now IMO.