Loss of Momentum and double top, a reversal is coming
BTCUSD Has slown down after hitting resistance twice, and volume is dropping fast too.
The MACD death cross would seem to indicate the uptrend is over and a reversal is about to happen.
The loss of momentum also would indicate that.
I expect BTCUSD to drop below the previous support line and hit the Senkou Span B, a breakout is posible if bearish sentiment continues.
Bearish news could make matters worse, like the possible restriction of Binance for US Customers one of the most important Crypto groups in the world.
I will move most of my position into Tether and try to buy BTCUSD at a lower price.
The MACD death cross would seem to indicate the uptrend is over and a reversal is about to happen.
The loss of momentum also would indicate that.
I expect BTCUSD to drop below the previous support line and hit the Senkou Span B, a breakout is posible if bearish sentiment continues.
Bearish news could make matters worse, like the possible restriction of Binance for US Customers one of the most important Crypto groups in the world.
I will move most of my position into Tether and try to buy BTCUSD at a lower price.