Hi my friends!
Facts:
Head and shoulders did not play out. At the neckline bulls did not have the power to break even higher.
Shooting star candle followed buy a large red candle means a strong reversal sign.
We broke out from ascending wedge = bearish.
We are about to break 1 month bullish trendline (blue line). If we close below this daily that is a strong reversal sign also.
Daily MACD crossed = bearish.
RSI is bending down = bearish.
Increasing volume.
Target support 9.2-9.3k.
Thanks for reading.
***It is not a financial advice. I do not tell anyone to buy or sell bitcoin.***
Leave a comment if you have any question and leave a like if you found it helpful!
Facts:
Head and shoulders did not play out. At the neckline bulls did not have the power to break even higher.
Shooting star candle followed buy a large red candle means a strong reversal sign.
We broke out from ascending wedge = bearish.
We are about to break 1 month bullish trendline (blue line). If we close below this daily that is a strong reversal sign also.
Daily MACD crossed = bearish.
RSI is bending down = bearish.
Increasing volume.
Target support 9.2-9.3k.
Thanks for reading.
***It is not a financial advice. I do not tell anyone to buy or sell bitcoin.***
Leave a comment if you have any question and leave a like if you found it helpful!
Komen:
Sorry, I made a mistake. I wrote MACD instead of Stoch RSI.
Komen:
Target almost reached. We should close below 10k daily to remain strongly bearish.
We had a big bounce from 9.4k. According to Stoch RSI we are strongly bearish: Daily cross, weekly cross is on its way. And we have great bearish volume. Keep it up bears!!!
We had a big bounce from 9.4k. According to Stoch RSI we are strongly bearish: Daily cross, weekly cross is on its way. And we have great bearish volume. Keep it up bears!!!