dee718

BTC SOW** on the 1 hour (daily still an uptrend)

Long
dee718 Updated   
COINBASE:BTCUSD   Bitcoin
Quite a bit of profit taking. Does not mean the trend is done.. but there is weakness coming in and that last high may drive the price down into at least a 50% retrace.

look for SOS (signs of strength)

MFI setting are at 7 with a 50 EMA overlay. Very useful in pinpointing accumulation or distribution zones. but you need to read the volume.

The linear regression indicator that is free on here is worth its weight in gold.

careful out there!!

GL

Comment:
at initial TGT area
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