It can be seen that a decision occurred on around january 28th 2018. This is a pivotal event horizon of all trend lines of the last 6 months. Now bitcoin price is moving past all measured trends lines which were established during the december rise. It seems major groups of traders (people, bots and Big Data A.I.) had their vision set on certain linear movements...
SMA 5 and SMA 10 is crossing and RSI is still above 30. This could be a potential sell order. I will follow it monday and see how it goes.
Potential target
OANDA:AUDJPY
We still prefer some AUDUSD short , and will be looking to cover that on a sharp decline this week as a final drift sideways to higher could extend into next week before we position for the coming breakdown. Resistance remains .9359/77 with support estimated at .9280.
