THE FIVE BEARISH SIGNALS....I YET EXPECT 3600-3800
This channel last from 12 of March . More than one and half month.
Has place yet to continue until 8100 maximum.
There Bitcoin will receive a huge pressure as is the last resistance and the 100 MA on daily timeframe.
Together i do not see bitcoin to go more up and i expect the correction and the break down of rising channel.
From other side, volume does not impress me too.Is not a volume for real break up and bull run.
RSI also overbought.
1) A big resistance at 8000-8100
2) 100 MA that will react as a resistance too
3) Low volume
4) Overbought rsi
5) and the rising channel that is bearish pattern
I am wondering where you guys see the bitcoin Bullish???
3600-3800 are yet on cards in my opinion.
Has place yet to continue until 8100 maximum.
There Bitcoin will receive a huge pressure as is the last resistance and the 100 MA on daily timeframe.
Together i do not see bitcoin to go more up and i expect the correction and the break down of rising channel.
From other side, volume does not impress me too.Is not a volume for real break up and bull run.
RSI also overbought.
1) A big resistance at 8000-8100
2) 100 MA that will react as a resistance too
3) Low volume
4) Overbought rsi
5) and the rising channel that is bearish pattern
I am wondering where you guys see the bitcoin Bullish???
3600-3800 are yet on cards in my opinion.