____  ___    _  _     _   _ _____     _______
 / ___|/ _ \  | || |   | | | |_ _\ \   / / ____|
| |  _| | | | | || |_  | |_| || | \ \ / /|  _|
| |_| | |_| | |__   _| |  _  || |  \ V / | |___
 \____|\___/     |_|   |_| |_|___|  \_/  |_____|

 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

BITCOIN Pulling Back

BY: @exxodus | CREATED: Aug. 6, 2019, 9:31 p.m. | VOTES: 13 | PAYOUT: $0.00 | [ VOTE ]

[IMAGE: https://cdn.steemitimages.com/DQmSzdkZpTTZX7181Xyg2gy9H4d6WWmAb6ckYNBEc3JBNni/btc.png]

After seven straight bullish days, we're seeing some significant pullback across the market space.

BTC is looking to pullback and test the strong $11,000 level. Below this, we're looking at $10k psychological basically.

4-hr RSI was the highest it's been since the trend high, so there's a case we might not see any higher until we pull back, normalize, and establish a higher low support on the daily.

4-hr bear volume does seem to be declining, so this is a test of patience to wait. Likely, this will turn into a consolidation wedge pattern over the next couple of days (which is what I'm expecting).

Sit tight for now. Hope you're all having a great Tuesday!

[IMAGE: https://cdn.steemitimages.com/DQmNh6aGqniKTHbJzjEshr5KajLWDEJM953s2gi8b7umMo2/trading.png]

TAGS: [ #bitcoin ] [ #ethereum ] [ #litecoin ] [ #steem ] [ #cryptocurrency ]

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