Hello, dear TradingView members. This idea is a Bitcoin analysis.
It has been four weeks since Bitcoin's 2018 resistance holds the price as support. It seems like it's about time Bitcoin decides which direction the next trend will be. If USDT.D breaks resistance and pumps up, we can vote for a downtrend for Bitcoin and all the other assets. The next possible stop for Bitcoin in case of another fall is the 12K-13K area.
Our speedometer indicator is hinting at Sell.
RSI still isn't showing oversold signals in the weekly timeframe, so we still have room to go lower.
Let me know if you guys have any questions; I will be more than happy to help.