We're currently seeing a bit of a rally following the wick down to 5860 yesterday, however I feel this will be short lived seeing as the EMA20 has now crossed below the MA50 on the 1D. Historically BITFINEX:BTCUSD has risen up for a touch of the 1D EMA20 following the EMA20 & MA50 crossover before a sharp move down, which I expect to occur within the next few...
Currently expecting a sharp pullback to around 7570 followed by a climb back up to the 0.618 again (by which time the 1D MA200 should be confluent), then down to the 6800 area confluent with the 0.236 fib