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Bitcoin 8.1.18

Here we are on the BTC daily at Bitfinex…

Positives:
-Successful test of 21 day MA
-Successful test of RSI trend support
-Stoch RSI on the floor and very close to turning back higher
-Successful bounce from 7400-7500 support at HVN

Negatives:
-Price below 8 day MA
-Stoch RSI still diving, though very close to the end of the fall
-Volume on this pullback was above 20 day avg, though less than the buy volume on the way up from 6000 to 85000. This somewhat calls the Wyckoff scenario we’ve been watching since late June into question.

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