trendi484
Short

I assume something will give up soon

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar


This time clean and easy to understand chart RSI MA EMA ALL SHOWING SELL at least for now

Buyers (long term investors) who should move price higher, they are probably already gone. Daily buyers (Short term speculators) have differend agenda And i personaly belive their behavour can not contibute to higher price.

I mean logicaly, rather than be somewhere in the middle between 20000 and 8000 they probably chose other more reasonable options to make profit. You don't need to be smart to see your position at chart if you enter as bitcoin             buyer now I would be terrified.
Eight months of Chart history is all you need to understand.

Despite nice attempt to try break 10K level looking on chart technicaly nothing has changed in a past days. Still we need go lower to prove some buyers levels . If there any actually left. Untill we hit levels around 800-1000 USD. Perhaps only than bitcoin             may become again interesting investement.

NOTE: when the price is pressed in the angle like you can see on chart and when is not much change in price for some time, sooner or later something will give up. In this case i still belive bulls are going to lose even more dignity. I think it's time for next level 8000 -7800 USD. ABOVE 10K is out of qouestion for some time.

Note this is just my personal opinion.
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