An interesting n simple way to look at the market ...Stochastic with 14- 5- 5 setting.
Two Descending Wedges.. only time will tell which one will play out.. possibly the latter (in my mind) ..
And if you judge this market by and compare it the last Bear market in 2014-2015.
But hey 2019 isn't 2014 so stay abstract in your Zen..
I'm not liking the look of the fast approaching 55ma.. its played strong resistance since Sept on the Daily.
13ma looking like it will cross under the Bol Basis line.
Volume is dropping.
Bollinger bands are tightening so we have some Volatility coming.
On the 1W Chart Stochastic RSI is very low at 11 and starting to curl up. CCI is low @ -148.0000 and moving...
BTC 1M chart not showing any signs of divergence on the CCI. Still a way to go yet to get below -100.0000.
This could mean that price will fall some more.
Thought I'd look at the last bull run from 2013 for any clues for were the present price could possibly be at and were it could be heading.
Hey everyone, not sure if this Qualifies as a head n shoulders pattern but seems to fit the shapes as far as I can see.
Combined with the Tweezer tops that printed on the last Weekly it would seem like we could possibly have a rejection of price of off the upper resistance line.