Jira and Confluence collaboration software company Atlassian has never been cheaper measured by it's P/S metric. Share price is currently 75% down to it's all-time-high.
Compare S&P 500 bottoms with inflation peaks. During high stock markets usually experience some head winds.
Based on the RSI and MFI divergence it looks like that BTC accumulated some buying power, buyers are taking over control. All my foremer forecasts, which were Bearish, proven to be correct.
Sadly my former forecasts were right. 1. April 15. 2. April 21. Inspired mostly by this trading strategy BTC now shows bear market signs now. Going short may be an over reaction, but now is defenetely not the time to increase position size. Our next resistance level is the famous 20K, back from December 2017.
Sadly, BTC followed my previous idea. I foresee a risk of mayor fall now, if price goes below 53K
As much as I would love to see Bitcoin rise, the technical picture shows a very strong bearish divergence.