BTC on the weekly chart is in a persistent downtrend for this year.
In recent weeks, a bit of a bear market rally has occurred and
stochastic RSI is now at or above 80 while the MACD has K and
D lines touching. The weekly candle is a red Doji.
I see this as about the same as the pattern of early April.
I conclude that BTCUSD's bear market rally is...
DON'T BE FOOLED INTO THIS BULL TRAP. look at the volume. back to basics ladies and gentlemen. i don't care what kind of intricate charts and indicators you all use... this ship is about to SINK.. and that is a fabulous thing. when price move ups & volume does the opposite, what does this mean folks? anyone? hello? can anyone hear me?!?! yup, you know it. SEE...
