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Bitcoin's daily chart for May 31, 2018
BTCUSD
, 1D
Long
BTCUSD: Bitcoin's daily chart for May 31, 2018

The daily chart continues to look good as well as the smaller time-frame charts that we published. RSI and MACD continue to line up with the previous fractal, and the daily candle is progressing upward movement after yesterday's pause in action. The projected price movement through the daily cloud is around June 21st. If price is to follow this path and exit...

Bitcoin 4 hour chart for May 31, 2018
BTCUSD
, 240
Long
BTCUSD: Bitcoin 4 hour chart for May 31, 2018

Much like the 30 minute chart, the fractal continues playing out on this time frame as well. We expect further movement up toward the $7700-$7800 area as the B leg completes. RSI and MACD agree with the previous fractal (albeit in a slightly more exaggerated fashion). ETH shorts are at an all-time-high, so traders should remain aware of what happens with that...

Bitcoin 30 minute chart
BTCUSD
, 30
Long
BTCUSD: Bitcoin 30 minute chart

We remain more bullish than bearish at this time as the fractal continues playing out positively while potential hidden bullish divergence has appeared on the %B indicator.

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