With the rise of Bitcoin
, it seems to still be slowing down but slowly. Volume
is on the decline, Stoch
shows its oversold but the trend is still pretty strong. We are pulling away from the upper bollinger band
and there is some smaller consolidation on the smaller time frames. This is healthy though since we have been on such a good run. I think we will see some pull back, worst case down to the 20 period moving average and see more gains right now. The Heikin-Ashi Candles are getting smaller which is another indicator that momentum is slowing but as always as we move through the other markets this could change and we can see continued steady growth.