The_Cannalyst

Further Downwave ahead?

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The_Cannalyst Atualizado   
BITFINEX:BTCUSD   Bitcoin
After kissing the Midterm Trends upper edge, we see weakness! At the Moment it seems that btc could break ist shortterm uptrend. That should accelerate the bearish momentum. Perhaps we see a bearish H&S right now which is trigegred and active!
The RSI is near the next possible buying area, but we didn`t reached it at present.
As Long as BTCUSD is trading below 12.000 i don`t see any signals on the longside.
Good Luck
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