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Bitcoin: Bearish for now. Bounce?
Bitcoin
Short
Bitcoin: Bearish for now. Bounce?
By bad-chromer
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Updated
May 24, 2018
3
May 19, 2018
BTCUSD
After a nasty Head n Shoulders and a clear rejection at the trend line, we fell.
We fell right through the 50MA. + rejected again at the 100MA after a death cross. This is as bearish as it gets.
Looks like we are heading toward 7600 or 6800 - will another huge buy in save the day?
Who cares, I am still tethered. Alts beware.
trade safe, trade smart.
Crypthub Academy.
May 24, 2018
Note
Target 01 reached. Not a lot of volume. Waiting for the 2nd green box now, will be monitoring for a short squeeze or large volume support.
Head and Shoulders
Trend Analysis
Trend Lines
bad-chromer
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