Bitcoin
Singkat

Broken Uptrend

778
After three impulsive waves Bitcoin started to show signs of weakness.
  • It already broke the main trend.
  • The Momentum went to the negative side, it signaled the start of a negative wave.
  • The volume imbalance is on the bear side.

To go long on this one we have to first wait for it to find support, if this makes a lower low, then it is going to be game over for a while. If this makes a higher low or a support in the 16K level then we will see if a positive momentum divergence is formed. If not, then it's time to send the crypto currencies to the fridge for a while.

Penafian

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