#Bitcoin bulls stay away from $8,171.5 and and $8,054.8 May 22
Bitcoin / Dollar BITFINEX:BTCUSD
See post 19 May for explanation why I’m studying these fractal zones and how they could work. I’m shading them in grey as I go forward. Could be good for bears if market closes below $8,171.5 but not sure if also needs a wick below $8,054.8
Don’t forget Comment May 20: Daily Stoch RSI (3,3,7,7,close) from May 12 is a very recognisable pattern from oversold to overbought and worth back checking the stats in combination with MACD (6,13,close,31) with bars, and least one average below zero to get odds of how badly this run may end.