BTC Update for yesterday - Korea and Japan pretty much bounced off support (although I think its quite weak for these exchanges). USD exchanges bounced off the descending trendline having broken support and upward trend. It appeared the finex bots kicked back in after it went below 12 and rescued it.
On the 15min it is showing EMAs at buy but not on any higher time period. It's near enough formed a triple bottom, but then this can also be construed as a downward triangle.
It needs to break the downward channel now and get past around 137 to break short term trend.
(Note: I track 4 x USD exchanges, Bitstamp, Coinbase, Bitfinex, BIttrex along with a Japanese and Korean exchange. I have observed any of them can lead a trend change, however it appears (at least recently) that Bitfinex whales in the order book are the best at bringing a trend to stability).
On the 15min it is showing EMAs at buy but not on any higher time period. It's near enough formed a triple bottom, but then this can also be construed as a downward triangle.
It needs to break the downward channel now and get past around 137 to break short term trend.
(Note: I track 4 x USD exchanges, Bitstamp, Coinbase, Bitfinex, BIttrex along with a Japanese and Korean exchange. I have observed any of them can lead a trend change, however it appears (at least recently) that Bitfinex whales in the order book are the best at bringing a trend to stability).
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