We are at a crossroads...
The price was rejected at $13800, the weekly candle came all the way back down, looks bearish.
The last 5 daily candles are coming down, we could see a small bounce mid week.
If we cross back under the major blue resistance line, it would be a bearish indication. If we bounce we could see ATH, a peak around $40k if this goes full bullish, but there has been a significant pullback, lets look at the indicators:
NVT (Volume over time) is coming down fast, it could bounce again but considering the history of this indicator we may move lower.
Stoch RSI has crossed over at the peak, waiting for it to go below 70
The ADX DI has plateaued is looking to move bearish.
The Money Flow indicator has peaked and is looking to move lower.
The Awesome Oscillator and MACD are bearish for the next couple days.
All in all we may be seeing lower lows, time will tell.
The price was rejected at $13800, the weekly candle came all the way back down, looks bearish.
The last 5 daily candles are coming down, we could see a small bounce mid week.
If we cross back under the major blue resistance line, it would be a bearish indication. If we bounce we could see ATH, a peak around $40k if this goes full bullish, but there has been a significant pullback, lets look at the indicators:
NVT (Volume over time) is coming down fast, it could bounce again but considering the history of this indicator we may move lower.
Stoch RSI has crossed over at the peak, waiting for it to go below 70
The ADX DI has plateaued is looking to move bearish.
The Money Flow indicator has peaked and is looking to move lower.
The Awesome Oscillator and MACD are bearish for the next couple days.
All in all we may be seeing lower lows, time will tell.