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DrJLT
Apr 8, 2019 5:41 AM

Bitcoin: Low volume, high RSI, pullback likely Short

Bitcoin / DollarBitfinex

Description

As highlighted in the chart, a pullback in the short term (to retest the support) appears likely.

This is in line with my observations in the last few days:





On the other hand, we can see that an inevitable golden cross is coming. This means the pullback is not going to be strong --- which is the bullish case.

The bearish case would be if the pullback is avoided before the golden cross, and a crash to below $4200 can happen.

Comment

pullback may have started. I'll do another chart later today
Comments
galoisbest
first 5740 level
DrJLT
@galoisbest, any specific reason? of course it's possible
galoisbest
@DrJLT, s3.amazonaws.com/tradingview/snapshots/v/vthoS2je.png 0.61 is broke next 0.786 exact coincidence with lows of 2018 in bitmex
galoisbest
@galoisbest, and volume is realy strong
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