#BTCUSD

OUTLOOK: Neutral/indecision as per ysday's doji candle

4hr chart: Another rejection at trendline would add credence to bearish MAs (50,100) and could yield drop to expanding channel supp seen around $8.3K

Bull break of channel may allow rally to $9.3K

Daily chart shows #BTC is wedged between 50MA (support) and 100MA (resistance).

50MA stands at $8287, 100MA is seen at $8837

Break below 50MA would mean sell-off from recent high of $9990 has resumed.

The 5-day MA and 10-day MA continue to trend south in favor of the bears.

BTC has failed to cut through falling trendline seen in 4hr chart.

So, a break below $8596 (5-day MA) could be considered as first sign BTC is heading back to $8300

Buy DRGN on Kucoin from .9206 to .6673. Long-term signal. Targets: 11570 - 13500 - 15000

#BTC last 4hr candle failed to cross the descending trendline...ended on a flat note (created doji, signaling indecision).

$8,300 could be seen if the current 4hr candle dips below $8,600

#BTC

Repeated rejection at falling trendline hurdle has finally yielded a drop to $8,550.

BitMEX Chief Predicts Bitcoin Price to Hit $50,000 in 2018

There are numerous bitcoin price predictions floating out there, but when the head of a major bitcoin derivatives exchange shares his forecast, the price prediction has legs.

BTC #TA

#BTCUSD

OUTLOOK: Bearish

4hour chart: Rejection at falling trendline followed by downside break of expanding channel indicates sell-off from $9,990 has resumed.

BTC could drop below $8K and test supp at $ $7,800.

Close abv 10-day MA would abort bearish view

#BTC created a gravestone doji on hourly chart... could be an indication the recovery from the daily low of $8,100 has ended

The Chinese government published a monthly “independent analysis” of cryptocurrencies and blockchain projects.

#BTC could fall back to $8,100 if the current hourly candle fails to close above the descending (bearish) 50-hour MA and ends on a negative note.

The outlook would turn bullish if #BTC closes above 100-day MA, currently seen at $8855

#BCHBTC

OUTLOOK: Bearish
Rejection at 5-day MA to embolden bears.
5,10 MAs and 14-day RSI is biased bearish.
Drop to 0.1383 (May 1 low) likely.

Only close above 10-day MA would abort bearish view.

#BTC

OUTLOOK: Bearish

Closed below 50DMA and 50% Fib retracement, signaling continuaton of sell-off from $9,990.

5,10 MA and RSI biased bearish.

5-50 bear cross ahead.

Looks set to test $7,800.

Move abv 10DMA would abort bearish view.

ETH/BTC

#ETHBTC

OUTLOOK: Bearish

Bearish RSI divergence

Ascending trendline breached

5,10 MAs are beginning to rollover in favor of the bears.

Could drop to 0.08-0.077 in next couple of days.

Close abv 0.0862 would abort bearish view.

📰 Switzerland is formally considering the possibility of a state-backed cryptocurrency.

The Federal Council of the Government of Switzerland has requested a report on the risks and opportunities of introducing its own state-backed digital currency, or so called “e-franc”, Reuters reported.

#BTC: recovery from the intraday low of $7,925 could be associated with oversold conditions shown by the relative strength index.

The broader trend remains bearish