TT1990
Short

Bitcoin Weekly Chart

BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
Proceed with caution!

I see a lot of bullish sentiment starting to emerge which already signs of warning. In addition we are given some clear clues that prices might decline in the coming weeks.

Analysis:

- Price has been increasing slowly while volume is dropping.
- Price is at strong resistance.
- Stochastic RSI is at the same level as when Bitcoin was at $20.000 and looks ready to crossover bearish .

Also most of the Alts that have been doing well seem to be at strong resistance, with this all colliding I'm expecting a pull back.

Comments

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