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CryptoCoinMaker
May 2, 2018 2:09 PM

Bitcoin approaches the 5th Short

Bitcoin / United States DollarCoinbase

Description

As we once again approach the 5th of the month, we're seeing a sign of a reversal in the current trend. On the Daily Chart we've been given a clear sell signal with the tweezer top reversal signal along with the RSI & Money Flow peaking.

What I believe this trend tells us is that Wall St. now has control of the price of Bitcoin with their futures/contracts, at least until control can be taken back. If we fail to break resistance, the current trend will continue. Until is doesn't, the trend is your friend.
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