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Nick010
May 16, 2020 12:26 AM

Bitcoin, the top is in Short

Bitcoin / U.S. dollarBitstamp

Description

No need to talk much. We set yet a lower high, got rejected at a long term upsloping trendline, downsloping trendline and horizontal resistance area.

The top is in, we set a lower high. The question remains, will Bitcoin manage to set a higher low, or fall down to the descending broadening wedge again?
Comments
Darkside999
I dont know how people can be so bullish at the moment.. its beyond me
Nick010
@wildbeast, Yeah, I guess 1. people get too caught up in the day to day movements, and 2. they do everything to feed their bias of getting rich quickly.
Darkside999
@Nick010, exactly
TheTruthSeeker
Aligns with my thinking as well.
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