Looking at the weekly chart, I can say that BTC is at a decision point going down or up. Current price is trying to break fibo 0.618 golden rate and jump from here can lead to new ath. But closing this week under this price can lead to more shorts. Coppack curve reached to 0 and this generates a sell signal. ADX is going down and bullish trend strength is coming to an end. DMI negative is incereasing also and means shorts are increasing over longs.
Price can jump from blue trend line or fall down to 0.786 fibo level at 4329, which is also bollinger band's bottom line.
Price can jump from blue trend line or fall down to 0.786 fibo level at 4329, which is also bollinger band's bottom line.
Comment:
BTC is falling bellow 0.618 support. I guess in two weeks we will fall below 6000. Look for the bollinger bands bottom line. It will probably pierce and bounce from there.