BTCUSD - Topped
Bitcoin should see downside pressure from here on.
Potential to drop to 10700 and from there we will have to see if this support holds.
Expecting moves in Nasdaq, SP500 and DJI to drag BTC down with it for a certain amount of time. With it I expect ETH to drop for a few weeks as well.
RSI showing divergence. TomDemark showing top for ETH. Trendline hitting top. Fear and Greed hitting high numbers, Paypal's bullish news could have settled the top and futures market may have used the news as an entry to short the market.
Embrace volatility.
Happy Trading!
Potential to drop to 10700 and from there we will have to see if this support holds.
Expecting moves in Nasdaq, SP500 and DJI to drag BTC down with it for a certain amount of time. With it I expect ETH to drop for a few weeks as well.
RSI showing divergence. TomDemark showing top for ETH. Trendline hitting top. Fear and Greed hitting high numbers, Paypal's bullish news could have settled the top and futures market may have used the news as an entry to short the market.
Embrace volatility.
Happy Trading!
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