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ozzy_livin

Aftermath of a Bitcoin Pi Cycle Top

Short
Bitcoin (INDEX:BTCUSD)  
ozzy_livin Updated   
INDEX:BTCUSD   Bitcoin
Trend Analysis Technical Indicators
9
2
trendanalysis indicator
History indicates that unless price holds above the downtrend "45k" bitcoin will top out at 45k. What would follow is a retest of the lower trendline ~24k

Bullish price action above 45k is similar to price holding above $100 in Aug 2013

snapshot
Comment:
I think it's 2013 ... it's 2013 again!
Comment:
The 20% drop yesterday shows that we may soon see a much bigger drop.

BEARISH and waiting for a buying opportunity when Daily RSI gets below 20.
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