SteveEnnom

BTC Likely going down

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I think BTC is going to take a bearish turn headed towards the main support. Overall the trend keeps being bullish but the market really needs a reset. RSI shows an overbought figure and a H&S pattern is forming on the top, meaning a diversion from the current motion is coming.

I can see three main target prices in the fall that might work as a mid term support. TP3 being the last one and if that breaks, the main bullish trend is broken and we'll probably face a change of direction of the main trend.

***Not a financial advice of any sort. Merely my idea for information and educational purposes only***

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