Quote from: Xester on June 19, 2018, 11:58:32 AM

This is a sad truth that this event have really caused and uproar on the btc market that leads to a panic selling by the traders, bitcoin holders. We can see the value of bitcoin went down as low as 6200 last week but luckily it went back to 6700 this day. Though we are hoping for a bullish move but the Mt. Gox is planning to sell their 160k bitcoin by September and this is really a worrying announcement.

I think it is dood day to all. Bitcoin escaped from the flat, making a jump to ~6800, while upwards signals started to appear a few hours before this jump. Let us analyze further possible movements. 1) At the 4H time frame: After touching the upper bands of channels (BB, KC, DC) - bitcoin tends to confirm and prolong its growth. Though, we should not forget about possible test down of middle line of channels ~6600 (low probability). If to look at MAs analysis, then bitcoin slowed the growth near SMA/EMA60 - and now might take possible back-test down to EMA50 ~6650 or deeper to SMA50 ~6550. This is confirmed by TIs: CCI=153 (negative trend), %R=-34, except DMI=27 (+DI > -DI). Positive signal: EMA6> EMA9> EMA12> EMA26.

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