This is a more bearish scenario -at least midterm bearish, longterm btc is of course always bullish :)
I notice the similarity of this behaviour with summer 2014. Let's see if this will play out like this again.
In the plot I drew the standard moving average SMA200, as you can see in 2014 it didn't manage to push through it,
and apparently now it behaves also like that, until now.
Let's see what will happen, there is still the chance for a 2013 fractaly and a bullrun, see my last chart.
I notice the similarity of this behaviour with summer 2014. Let's see if this will play out like this again.
In the plot I drew the standard moving average SMA200, as you can see in 2014 it didn't manage to push through it,
and apparently now it behaves also like that, until now.
Let's see what will happen, there is still the chance for a 2013 fractaly and a bullrun, see my last chart.