We have been putting in lower highs in the short trend and we are now in the lower part of the triangle pattern with a bearish MACD and a very bearish RSI and a fear factor of only 11 indicates a weak and confused market at this time..
I think we will break to the down side taking a break at the $9500 level and perhaps fall to the $8500 before getting the strength to blast though all the heavy ressistance
we need to eventually establish a up trend once again.. We need to put in a Higher high at 12k to fully start a strong long term up trend again and continue the bull run
I think we will break to the down side taking a break at the $9500 level and perhaps fall to the $8500 before getting the strength to blast though all the heavy ressistance
we need to eventually establish a up trend once again.. We need to put in a Higher high at 12k to fully start a strong long term up trend again and continue the bull run
Comment:
the Fear and Greed factor is at only 5 atm