COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Last weekend, a lot pf             people was watching in anticipation for the BTCUSD             bulls to kick in. It has formed a higher low and a higher higher. Unfortunately, the bulls were not strong enough to push it further up. BTC             was not able to bounce from the support level: 11,000-11,100.

BTC             continues to decline. The next support level to watch is 9,400-9,500 level. This is support at 0.618 fib level.

If BTC             fails to bounce from those levels, it may continue to go down to 9000-9100 around 10 days from today.

Notice also the RSI continues to decline but not yet below 30. Based on the historical charts btcusd             , b it goes below 30 before it starts to become bullish again. MACD and SAR             are all bearish .

Till these patterns reverse, BTCUSD             continues to a bearish .

***** Invest only what you can afford to lose *****
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