1) Another potential formation on the 4H.
2) We are coming up against a strong (down) .
3) I also see a formation, which could bring us down to target #2 of $215.
4) We are in a , which has a good chance of breaking down.
5) BTC Swaps have dropped significantly (almost 10k BTC ), while USD swaps have risen to over $26mm.
6) We have been hovering at the bottom of the for some time now, and bulls have not shown tremendous buying power.