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MountOlympusFx

BTCUSD SELL: Weekly, Daily & 4hr breakdown

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Bitcoin (COINBASE:BTCUSD)  
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COINBASE:BTCUSD   Bitcoin
Trend Analysis Harmonic Patterns Chart Patterns BTCUSD Cryptocurrency
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Bitcoin

+ Weekly: Last week candle closed as a long legged doji signalling indecision in the market at $5430. Expecting huge pull back from here.

+ Daily: After price rallied for a couple days momentum has begun to slow down and reject off $5430 with multiple wicks. Do expect a drop from here down into $5015.

+4hr: At $5430 price is forming multiple shooting star reversal candles signalling bearish momentum. Ascending trendline also broken swinging momentum from bullish to bearish. Will short from here down to $5015.

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