BTCUSD Daily Chart update - June 16, 2018

https://www.tradingview.com/x/arWOxcn4/

Yesterdays prediction of price going to $6,400 was precise. I am expecting a reversal on daily chart to the upside today or tomorrow. It will be the best if we see price going down to $5,900-$6,100 area on high volume and an immediate reversal up. Sentiment is still to the downside. Also there is a lot of resistance above and not much support bellow. Nothing much to point from a TA perspective. All indicators are pretty bearish.

Weekly: Down

Daily: Down

4 hour: Down

1 hour: Up

Prediction for the day

A move lower towards the $6,100-$6,200 area.

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