did not play out. At the neckline bulls did not have the power to break even higher.
candle followed buy a large red candle means a strong reversal sign.
We broke out from ascending = .
We are about to break 1 month (blue line). If we close below this daily that is a strong reversal sign also.
Daily crossed = .
is bending down = .
Target support 9.2-9.3k.
Thanks for reading.
***It is not a financial advice. I do not tell anyone to buy or sell bitcoin .***
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We had a big bounce from 9.4k. According to Stoch RSI we are strongly bearish: Daily cross, weekly cross is on its way. And we have great bearish volume. Keep it up bears!!!