BITSTAMP:BTCUSD Bitcoin / U.S. Dollar
Seeing definate exhaustion in the trend here, marginally higher highs with more aggressive sell offs each time, had our first lower low put in on the daily now, expecting a dead cat bounce forming the right shoulder. Way too much hype in this space right now and we need a cleanse before upside continuation. See you at 30k ladies and gents
Comment: Right shoulder forming nicely, temporary bounce off neckline. I am expecting a big bounce around 39k, and tbh that could be the end and target will underperform, too early to tell, it depends how fast things are moving as i expect june to close green for bitcoin.
Comment: Target hit.
Comment: Bounce happened too fast, looking for the wick to be filled, 32k target