RSI on daily and MACD look quite bearish to me.
BTC needs more momentum or it won't hold up there.
I'm looking for a short entry if things stay like this.
Do yourself a favour, set your chart on weekly and keep an eye on the doji forming.
The higher it goes in this condition, the harder it will fall.
When institutional investors step in, you'll notice: they...
At the moment (UTC19:50ish) the market is fighting over the color of the day close. If it's a doji, better be green.
18500 was crossed and tested during the day, with no success.
Otherwise, chances are a double top is forming. Waiting for confirmation: the crossing of the neckline. If so, I might short all the way down to 16.5k, secured by stops at every...
XBT has bearish momentum, broke short term trendline, and now still heading up on a positive trendline.
Bouncing on the resistance but this time below 20MA, bulls getting weaker.
Bullish if: fundamentals gain strength (e.g.: major players moving into BTC - FB, Paypal, etc.)
Bearish if: all other instances
If 18.5k support fails, we're down to 16.5k