This is a large time frame Monthly candles to gather the long-term outlook.
That is 1 huge red volume of the BTc Monthly candle. On top of that the MACD & Stochastic RSI looked bullish but crossed bearish the following month, which is a great indication of rejection for the bulls. The momentum has at least 6 months to go bearish.
2 lower lows from its $20000 peak. Things look bleak. I'm expecting the price to fall down the Linear Regression channel. Best bet $2400, but the wick will be lower.
You can follow me on twitter Globalnvest_ this is based on my opinion of how I read the charts
That is 1 huge red volume of the BTc Monthly candle. On top of that the MACD & Stochastic RSI looked bullish but crossed bearish the following month, which is a great indication of rejection for the bulls. The momentum has at least 6 months to go bearish.
2 lower lows from its $20000 peak. Things look bleak. I'm expecting the price to fall down the Linear Regression channel. Best bet $2400, but the wick will be lower.
You can follow me on twitter Globalnvest_ this is based on my opinion of how I read the charts
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.