We have negative divergence on the RSI, CCI and MACD, with the MACD giving us a death cross on the 4hr. We will definitely retest the 28-30K level, and I predict bitcoin will eventually hit 18K before the end of the year. The 2017 chart almost looks identical to today except in a shorter time frame. If you want to buy here, you obviously hate money. Sorry to be the bearer of bad news.
We could potentially test 53-56K if we break 50K but I still think my head and shoulder reversal plays out the same in that scenario.
We could potentially test 53-56K if we break 50K but I still think my head and shoulder reversal plays out the same in that scenario.