Signs of bullish exhaustion are definitely there

Bulls seem to be exhausted, and quite frankly, so am I. Here's the trajectory that I believe BTC is most likely to follow.

This is not trading advice. This idea is only meant for you to compare against your own technical analysis.

Happy trading! :)

Commentaire:

The market never ceases to surprise. Last night in the Cryptocurrency chatroom I had mentioned that I noticed a bullish undertone to a few of my indicators right before I published this idea. While I did see that a rise to the $8,500 range was possible, at the time I did not feel that it was probable based off of low market momentum, the Fibonacci areas, and the indicator data that I had in front of me at the time. From here on out I will be sure to post possible alternative trajectories in price to my ideas.