Alright let's get down to business and keep it SIMPLE. The bears have pushed down the price to the trendline around 5 or 6 times while the contrary is only 3 times for the bulls. The stochastic RSI had a small turn for the bulls but immediately broke towards the bears. The MACD and Aroon indicators are also in favor of the bears. In my opinion, BTC goes down and tests supports as low as 6k (very strong support) and then a nice bounce after consolidating for a couple months. Short term bear, long term bull!
*Any advice, comments, concerns are welcome
**This is my first post where I drew my own trendlines so let me know if any of them are off.
***Not financial advice
*Any advice, comments, concerns are welcome
**This is my first post where I drew my own trendlines so let me know if any of them are off.
***Not financial advice