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Bitcoin 8.6.18

Some sad and limp price action in BTC here. The silver lining is bulls have defended 6800 *so far*
If they can keep it up, perhaps this can reverse higher, but most signs are pointing down at this point. Responsive buyers are nowhere to be found and higher time frames are looking negative while being very close to getting worse.

Green line: 200 day
Yellow line: 50 day

RSI trends in BTC have been a rather simple and accurate indicator this year. Both uptrends from June are now broken.

Over at CME, futures contracts have lost the 61.8% retrace level. Positives here are that the lower RSI trend is still in place and Stoch RSI has the potential to turn back up here soon. Indicators on CME versus spot exchanges will vary due to trading session differences.

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