Bearish BTC ST - potential reversal & continued consolidation
SUMMARY: Bearish, consolidation range period probably continuing -- unless one final impulse wave push BTC over 60k (seems unlikely)
-- Technical --
MACD hourly we have a death cross forming
RSI we have bearish divergence
Volume is falling, we are losing upwards momentum.
-- Fundamentals --
Still strong long term with record number of BTC being put into cold storage and taken off exchanges.
Alt season is kicking hard and much focus has been placed on major alt coins , with ETH breaking another ATH.
$$$ Happy Bull Market Alts season is here $$$
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
SO: What do you think, have I got it right? Let me know below.
-- Technical --
MACD hourly we have a death cross forming
RSI we have bearish divergence
Volume is falling, we are losing upwards momentum.
-- Fundamentals --
Still strong long term with record number of BTC being put into cold storage and taken off exchanges.
Alt season is kicking hard and much focus has been placed on major alt coins , with ETH breaking another ATH.
$$$ Happy Bull Market Alts season is here $$$
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
SO: What do you think, have I got it right? Let me know below.
Comment:
BTC is breaking down
Comment:
Comment:
Looks like we have a lot of people putting shorts on now.
