Symmetric 3 Drives TOP 12H @ BTC/USD

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
All the choppiness was with the intent to create this perfect pattern and very symmetric 3 Drives TOP.

Money Flow Index = Overbought level (Last time that happened was a very violent breakdown.)
RSI = Overbought Levels

This movement marked the beginning of 1 Week + 1 Month candle building the upper part of it. Which means it will remain to build the down-part of the 1 Week Candle + 3 weeks in which we can build the down-part of the Monthly candle.
  • Nothing has changed in the Market cap is the same as it was when it hit the same high's even now Altcoins are randomly pumping and dumping.
  • April 26 - Rehabilitation Plan of the APPROVED claims from Mt.Gox creditors which is in the amount of 140.000 BTC & 140.000 BCH approved CLAIMS.
  • Google Trends still in All Time Low https://trends.google.com/trends/explore... (Weird people are shilling for Venezuela when Nigeria is No.1 Place for Bitcoin interest, land of online scammers)

  • So simple put everything is OVERBOUGHT at high levels. It doesn't have JUICE in it anymore for any big movements without a healthy correction.
Looks like my yearly prostate exam feels.
My condolences
+6 Reply
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