That is my macro view of the BTC USD market at the moment. it looks like we are loosing the last important support at 39.3k and heading to Goblin Town.
1. fell below steep trendline 2. Double Touch of Resistance 3. Volume decreasing 4. RSI Divergence (not a strong one though) Target: Support around 39-40k
This looks very similar to the last bear market: - Market Cipher: Money leaving, but it printed a green "fakeout" dot. - Hull Suite in Red
The Red RSI in the daily timefrime crossed level 50, which indicates that the price will go down to the lower white BBand, which is about around 30k. This will probably play out during the next 48 hours. Also, the white energy in the 12 hour timefrime did not manage to come up over level 50 during the red RSI's crossing in the daily timefrime wich underlines...