We can spot a double top formed at $8604 range, bearish sign.
RSI peak is lowering, bearish sign.
MACD trying to cross again but has not done so, bearish sign.
This very well seems like a top at least for short term
ONLY reason I'm not calling a downtrend is because its technically not enough confirmation, and if anything in this world can possibly break this resistance, BTC can do it.
BUT it certainly looks like BTC will have one more run down, at least to the $8167 range to play it conservatively
RSI peak is lowering, bearish sign.
MACD trying to cross again but has not done so, bearish sign.
This very well seems like a top at least for short term
ONLY reason I'm not calling a downtrend is because its technically not enough confirmation, and if anything in this world can possibly break this resistance, BTC can do it.
BUT it certainly looks like BTC will have one more run down, at least to the $8167 range to play it conservatively
Trade closed: stop reached:
BTC just broke my ankles and dunked on me.
300 million tether also got printed. BULL RUN SOON
300 million tether also got printed. BULL RUN SOON