12HR TD-Sequentials told you sell at the top. Stoch and Stoch RSI were in overdrive territory, RSI crossed 50 providing enough room for a nice downside again perhaps to 30. MACD also started to turn yesterday.
Ichimoku, TD sequentials and RSI/Stoch RSI/ Stoch were all screaming that it was time to get out
“History doesn't repeat itself but it often rhymes,” - Mark Twain
Bounced back down of the Kijun Resistance. Sucker's Rally could be complete.
Weekly Red2 trading below Red1, Negative CMF and OBV support broken. Its literally as if a higher being was begging you to short-it 100x.
BTC rejection of the cloud on the daily, downtrend continued.
Buy volume since the beginning of the year has dramatically decreased (#1), and price pressure is showing a bearish divergence (#2) in the third screen . At first I was somewhat confused how price was attempting to breakout again- facing a strong resistance area (previous ATH set in Jan), while buy volume has decreased a lot compared to the volume of buying seen...
Chart speaks for itself. If you were lucky enough to Long at 59, prepare a stop-loss. Also consider this: CBOE futures expire August 15th.
Depending on your personal believes: If you believe Bitcoin's price patterns always find themselves repeating in one form or another, then this is where we could potentially be at right now. The MAs would certainly suggest so, as well as the trend lines.