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Cryptomaniac_tc
Apr 8, 2018 10:19 PM

Thoughts on BTC for Monday Asian Markets - imminent drop? 

Bitcoin / TetherUSBinance

Description

Just looking at the 15-timeframe chart, and wondering if BTC is creating a head & shoulders to indicate a possible drop in price. The RSI is also showing bearish divergence (RSI lower highs while BTC is creating higher highs). There's also heavy resistance around $7100 and top of downtrend created by tops of the past few days.
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