proctrx

Lifeless Bitcoin -No Immediate Signs of Recovery

BITFINEX:BTCUSD   Bitcoin
Volume levels on BTC are low right now. It seems to be holding at first support on the Pivot Points for now and isn't quite scraping the bottom of the Bollinger Bands, but was hardly much of a 'bounce'. Stoch indicator is teetering around signalling that BTC is oversold, but isn't quite committing to it at this stage. Not much momentum. I'd like to see a healthy pick up on the short term EMA on the MACD and a climb back towards the centre line before thinking about going long on BTC.

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