I like my charts lean.
We had RSI going below 50 for the first time in two years, then it tried breaking back up, went down, tried once more but broke down and is now steadily below 50. If BTC breaks the weekly 50MA or the november trendline, we could see a freefall down to 3.5-4k US$ levels.
Personally, everything on the weekly is pointing downwards. And if we do break that 50day it's down the hill for the next couple of months...
P.S. for educational purposes only.
We had RSI going below 50 for the first time in two years, then it tried breaking back up, went down, tried once more but broke down and is now steadily below 50. If BTC breaks the weekly 50MA or the november trendline, we could see a freefall down to 3.5-4k US$ levels.
Personally, everything on the weekly is pointing downwards. And if we do break that 50day it's down the hill for the next couple of months...
P.S. for educational purposes only.