Bitcoin $BTC Forecast: Midweek Edition: Flash Crash
September 05 2018 18:42 UTC
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Moving Averages:Sell Buy (3) Sell (9)
Technical Indicators:Strong Buy Buy (7) Sell (0)"
Bitcoin $BTC Forecast
on Wednesday September 05 2018 18:42 UTC
The crypto pundits say: “bullish/neutral/neutral/”.
One expert is still bullish, and two neutral after a $BTC flash crash which neared -5% loss overnight.
Our bullish expert sees the higher low as a validation of probable continuation of a bull rally. If it were not a higher low, then the call would be a bear trend.
The automated signal from @investingcom splits into a “sell” on moving averages, and a “strong buy” on technical indicators. This results in a neutral price view.
Our third expert is cautious. They see a possible price direction change downwards here – depending on what pans out in short term trading.
[legal disclaimer] Just one news report can invalidate a technical analysis.
The author holds Bitcoin $BTC at the time of writing.
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This report was generated on Wednesday September 05 2018 18:42 hours UTC.
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