This is a large time frame Monthly candles to gather the long-term outlook.
That is 1 huge red volume of the BTc Monthly candle. On top of that the MACD & Stochastic RSI looked bullish but crossed bearish the following month, which is a great indication of rejection for the bulls. The momentum has at least 6 months to go bearish.
2 lower lows from its $20000 peak. Things look bleak. I'm expecting the price to fall down the Linear Regression channel. Best bet $2400, but the wick will be lower.
You can follow me on twitter Globalnvest_ this is based on my opinion of how I read the charts
That is 1 huge red volume of the BTc Monthly candle. On top of that the MACD & Stochastic RSI looked bullish but crossed bearish the following month, which is a great indication of rejection for the bulls. The momentum has at least 6 months to go bearish.
2 lower lows from its $20000 peak. Things look bleak. I'm expecting the price to fall down the Linear Regression channel. Best bet $2400, but the wick will be lower.
You can follow me on twitter Globalnvest_ this is based on my opinion of how I read the charts
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.