Wolf_Of_Amsterdam
Short

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

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTC 12HR

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)

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