thegio

BTC bull after the week end going back to stall

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BITFINEX:BTCUSD   Bitcoin
Dear Crypto fan, maniacs, addicted, lovers, haters and whatever crypto relation you have

as forecast-ed past Friday our beloved BTC was bullish and during the whole week end there was a static growth and from 6.6k we arrived to 7.2k quite a short up move for a two days push and up trend.
Bull are now tired and probably there will be a correction, the current market movement is not fully clear.
The main bearish down impulse is not finished yet and we are expecting some more down movements.

- 12 hours steps
- increasing volume
- decreasing growth -> parabolic movement
- RSI and MACD ready for some reassessment
- bearish hidden divergence

Those are main indicators and signs for a possible future down move.

Stay tuned and like, share comment if you enjoyed the TA.

*this is just my opinion I'm not a professional advisor! Make your choices wisely and manage your risks!

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