Okrakel

Okrakel

Really don't know if the market is bullish or bearish, but for a healthy and sustained growth there is at least a correction necessary. We are about to reach 0.618 fibo level (measured between 11.5k and 6.4k) which could be a good start for the correction. We can see bearish divergences with higher prices and lower MACD and RSI. 1hr and 4hr RSI overbought, Stoch...

Okrakel

I remember the last time we had a steep rise, everyone got bullish and then rejected by the double top. Does not have to repeat, but possible. - low volume at the 9k resistence - daily Stoch RSI overbought - MACD cross on 4h - many red volume bars on lower timeframes - rising wedge Think we need more downside to start a new bull run. Could also go up, BTC...