BTCUSD Thursday 10th May 2018: π Bullish trading during NY/UK sessions yesterday took price action to $9300 highs, amid low volume.
π During a slight sell off in late NY early Asian trading, stochastics is now resting on the key 55 balance showing a pause in buying momentum and possibly some indecisiveness about the next move.
In regards to timing, the Consensus summit in NY next week could potentially see a run to the upside, a hypothetical curve for visualising possible timing has bene drawn on the chart in a dashed line.
Mean reversal would bring the price back to gravitate at the 26 DMA around $9k.
In other news:
Mike Novogratz to launch new Index: https://cointelegraph.com/news/bloomberg-partners-novogratzs-galaxy-digital-capital-to-release-crypto-benchmark-index
Ethereum Casper update is out! https://cointelegraph.com/news/first-version-of-ethereums-casper-update-has-been-released
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