CryptoMarket360
Short

Bearish chart still holding true for $BTC

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
$BTC = Bullish correction in an overall bearish market.

The ADX , which measures trend momentum is losing power.. so definitely not enough oomph to push above the resistance zone .

Thoughts?
You are right In my opinion..

Regarding DMI:
a bit more green till support. This would push the red more down and the trend (your black).
Then a massive sell-off could occure as redline and trend shoot up at the same time from their support on the DMI channel.
Let me know your feedback.

This would also fit my idea below:
Reply
We're going to 3k at some point in the near future.
+2 Reply
Or is that what the bull whales want you to think?
Reply
Jeff_Cryptopop wannabuymymumahouse
@wannabuymymumahouse, Whales don't want BTC out of the "chop zone" because then they won't be able to control it. They did it when it was the 8000s, then the 7000s. Now they're going to keep it in the 6000s until 6000-5800 can't take another hit. They want to trade the triangle as long as possible. There is little strength without their pumps right now anyhow. Trade the trend.
+1 Reply
CryptoMarket360 Jeff_Cryptopop
@Jeff_Cryptopop, consolidation should continue
+1 Reply
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