You were warned. In the daily chart (on top) and other time frames I see a bearish divergence with the RSI. June 11th now marks the beginning of that bearish divergence. Ten days later we've basically accomplished sweet buggerall and we are actually lower in price than we were on the 11th with bitcoin now hanging onto a constipation/consolidation. I still don't see anything close to interesting with the Tom Demark Sequential.
Now look at the 3 day chart below. Take note of the Chaikin Money Flow oscillator. This is the first time is has shown selling pressure since.... ever. The CMF only goes back as far as October 13th, 2017. It had never dipped below zero until now. The upside possibilities are still grim in my opinion with 6900, 7000 ad 7100 being heavy resistance. I believe the reverse pooping bum prophecy is underway. I left the drawing on my chart. You can see the hand trying to do the ol' reach around... without any freaking toilet paper. We're gonna keep pissing sideways or the bear is going to drop another tootsie roll. Either way it's going to be a disgusting mess.
Now look at the 3 day chart below. Take note of the Chaikin Money Flow oscillator. This is the first time is has shown selling pressure since.... ever. The CMF only goes back as far as October 13th, 2017. It had never dipped below zero until now. The upside possibilities are still grim in my opinion with 6900, 7000 ad 7100 being heavy resistance. I believe the reverse pooping bum prophecy is underway. I left the drawing on my chart. You can see the hand trying to do the ol' reach around... without any freaking toilet paper. We're gonna keep pissing sideways or the bear is going to drop another tootsie roll. Either way it's going to be a disgusting mess.
