Watching the grass grow is as exciting as watching BTC right now

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar

We have been consolidating sideways for a while now between 6400-6600, for me this is no mans land, a few indicators are looking bearish to me though..

According to futures data 72.35% of retail traders are long, thats ammo for a large down move in my opinion, although we have BAKKT coming up next month so i am bullish , but for now expecting a slow move downwards while BTC market cap spreads out the alts get some love.

Most pro traders and big money are sitting on the sidelines, we need some news or a major event for BTC to get moving!!

-Forming wedge
-MACD looking bearish to me
-Bear div on STOCH RSI
-Price crossing under EMAs again
Trade closed: target reached: Too easy.
Also note how we have had a bearish MACD cross on the 4HR

the bollinger bands have tightened and the price shot down (in the past this leads to bearish activity usually)

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out