UnknownUnicorn3629102

BTCUSD - Bullish Exhaustion

BITSTAMP:BTCUSD   Bitcoin
As I said on my previous analysis, price rose up to $10k after breaking through the overhead resistance. Price will pullback now. Bearish short/mid term but bullish longterm imo.


Notes:
  • RSI heavily overbought
  • Volume declining despite the rise in price (bullish exhaustion)
  • Volume is not as high as previous price spikes
  • Short term correction, Bullish longterm?




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Huge volume spike due to price hitting take profit regions and thus pushing the price back down. Expecting the price to keep tanking.
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