PentarhUdi

Midterm picture looks bearish

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
38472 views
178
Midterm picture looks bearish . Price is under cruical curves weekly sma20 and daily sma200 which are strong resistances.

Weekly sma20 did a bend down, which was always a bad sign.

We got a double bottom at around $6k which does some support.

Overall midterm picture is bearish (70/30).

Longterm picture is bullish while historical log lower trend line at around $3k holds.

Comments

@PentarhUdi Master we are dying for an update!
+17 Reply
@golemcan, Master doesnt care anymore about us peasants :-(... we did something wrong.. we lost his liking :-(..!
+2 Reply
nathan8 CholericApricot
@CholericApricot, This is his update...the bear is still here. He posted this only 3 weeks ago...
+1 Reply
@PentarhUdi so Master just to clarify, do you expect a downfall between $3k-$6k, or do you sideways actions as bearish as well? Also could you please clarify your determination on long term and midterm?
+15 Reply
PentarhUdi golemcan
@golemcan, midterm=year, longterm=years
+6 Reply
laserbach PentarhUdi
@PentarhUdi, very intresting and quit unique idea
Reply
We need update ma'am
+12 Reply
Absolute genius. Enough said.
+8 Reply
Still waiting for an update.
+7 Reply
TheEWGuy BilginGuler
@BilginGuler, "Its been 84 years"
+2 Reply
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