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leopisbig

#BTC: similar indications with August, looming bear term

Short
Bitcoin (BITFINEX:BTCUSD)  
leopisbig  
BITFINEX:BTCUSD   Bitcoin
Support and Resistance Multiple Time Frame Analysis Economic Cycles BTCUSD BTC Bitcoin (Cryptocurrency)
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supportandresistance mtfa economiccycle btcusd btc bitcoin
  • The chart is quite obvious. Although we are still in the uptrend from a wider perspective, in the short run, the indicators signal a bearish period.
  • Check the resemblance with last August, i.e. price/RSI div, falling volume, etc.
  • It looks like we will see BTC @ around $4,XXX in the next term.

It is no investment advise.
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