Umarzia

A Downside Move Expected

Kort
Umarzia Uppdaterad   
BITSTAMP:BTCUSD   Bitcoin
As I made some trend lines on 4h chart, DTL, RSI and Aroon indicators. Whenever the touch upper side a downward move happens. Now all 3 indicators has showed upward direction so a down side wave is expected soon, BTC has not briefly broke the 0.38 fib if it failed to brake it then a dumb can happen.
Kommentera:
As I mentioned yesterday you can see the above chart at 4hr, price absolutely respect the pyramid and could not managed to break up. So next if price hold 9930 then there are chances to break up 10k again but not so up, there are plenty of challenges price have to face. Yesterday upward move was pretty much impact of stock market. There was nothing to surprise until we break the previous 13k high.
Kommentera:
If we break 10150 upward then small wave can be expected towards 11k overall. The high the pump the higher dump would be.
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