Minitech24

Weekly RSI comparison 2014

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
We are still in bear market and I'm bearish until I see major upward movement with big Volume defying all bearish indications.
Still a bit room left for the RSI to hit the resistance.
I expect another huge drop soon in 1-2 weeks.
Comment: because people love comparing this bear market with 2014:

Either way this weekly shooting star candle is an extremely bearish sign. We'll have to wait for the next weekly candle to confirm it.
Comment: target hit, let's see what happens
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