Looks like we have fail again and BTC has run out of steam, Yesterday just the beginning of a much larger drop coming within the next month.
Bitcoin has fail even just to reach the 20WMA and now the stochastic RSI is curling back bearish.
Using the system here, my calculations has bitcoin at $8500-$9500, for this to be invalid we must get over the 20WMA. I have my doubts we will as we look at the tradition markets, things looks overbought.
yea, maybe. but stoch rsi could turn right now, we dont know. of course btc will do what the stocks are doing, and the stocks very likely will see new big lows. but at some point btc will turn around, because ppl will buy, thats how it is. bottom will be formed at 10k levels. cant imagine we go lower, maybe a quick dip, but for sure no weekly (maybe no daily) close below. sp500 will collapse way more than btc.