Bitcoin losing momentum and potentially reversing
This idea is an experiment with the Blair momentum indicator I've been working on. Last week the BTCUSD Blair line (big black one) went under the red, orange, and yellow clouds on the 6 hour, giving an early warning that the momentum could be exhausted for now. Now that the Blair line has comfortably exited under the blue cloud this shows that there could be a long term downtrend (days to weeks) to come. It could pop up to an all time high for a moment, but must reverse soon if there is not a rapid influx of price. This is a test of this new momentum indicator .
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