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Ares_theFox

Bad sign for BTC

Bitcoin (COINBASE:BTCUSD)  
Ares_theFox Updated   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators
3
2
trendanalysis chartpattern indicator
Turned back hard at daily cloud. Breached key RSI level. Ruh-roh.
Comment:
edge move postponed till now? if daily rsi breaks 50 we could drop ~27-31% from prior high. historically when price doesn't reach OB first the drops are smaller (6,15,27%). cloud bottoms between 15-19%, volume there too. if we enter no man's land 27-31% is more likely
i.imgur.com/9li7WWx.png
Comment:
dumb money rekt soon
snapshot
Trade active:
just noticed this. staring me in the face. a close below 8602 would confirm adam/even double top, with a target of 7780, near the bottom of the 12hr cloud, edging into no-man's land. not sure what happens after that, will have to wait to see how price gets there (if it does).
snapshot
Comment:
riggedy-rekt on that 5m fractal.
imgur.com/a/OmOMS5L
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