Asterix

Triple top and likely shallow decline short-term

BITSTAMP:BTCUSD   Bitcoin
7
We can see tripple top forming on the 1h chart - and a lot of negative divergences: RSI, True Strength Index, Chalkin Money Flow. If the Tripple Top formation will complete, the decline will be modest $10. Interestingly, 4xForecaster got the same short-term support at $619 from much more sophisticated model. Long term (months) outlook remains bullish, although there is not much enthusiasm felt atm.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.