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PentarhUdi
Apr 30, 2018 10:18 AM

Midterm picture looks bearish Short

BITSTAMP:BTCUSD1W
Bitcoin / U.S. dollarBitstamp

Description

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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.
Technical Indicators
Comments
golemcan
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@PentarhUdi Master we are dying for an update!
CholericApricot
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@golemcan, Master doesnt care anymore about us peasants :-(... we did something wrong.. we lost his liking :-(..!
nathan8
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@CholericApricot, This is his update...the bear is still here. He posted this only 3 weeks ago...
golemcan
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@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?
PentarhUdi
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@golemcan, midterm=year, longterm=years
laserbach
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@PentarhUdi, very intresting and quit unique idea
AhmetAkdemir
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We need update ma'am
nathan8
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Absolute genius. Enough said.
BilginGuler
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Still waiting for an update.
TheEWGuy
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@BilginGuler, "Its been 84 years"
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