crypcento

BTC is likely to have a consolidation period for days ahead

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BITSTAMP:BTCUSD   Bitcoin
As told in my Analysis yesterday, BTC showed a small upward-bouncing movement from Bollinger Band basis support. If the candle closed near to 24 DMA today, we could expect a good upward transition, but it didn't happen. 

Now, it is more likely that BTC will have a consolidation period for some day as the Bollinger Band width narrows, and the slope of 24 DMA becomes flatter. 

My take is it will show some support on 30 DEMA as it hasn't been tested yet from this rising ralley. I'll keep updating this as more signals appear.
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