crushinata

BTCUSD - Weak rally should be rejected by resistance

Short
BITSTAMP:BTCUSD   Bitcoin
Weekly: Bearish - transitioning to bullish - sell off candle followed by indecisive candle with small body in middle, final candle is body looking tentatively bullish.
Strong Volume declining.

Daily: Bullish candle, bearish structure, price about to meet strong resistance at 12,000. Declining Volume.

H3: bullish price action with low commitment, low volume. About to meet resistance.

Summary - Bearish structure, and bullish price action action. Not much volume. My guess is that this is a rally that will be rejected.

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