BITCOIN Lost Momentum -- Bears Should Break Support

in bitcoin •  7 years ago 

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Bitcoin bears have started to come out in force again. We're seeing a decline more than 5% as volume looks to be increasing bearish. This has always been a sign of an incoming tank.

Technical indicators are still bearish. I'm looking more at the longer charts lately because the short term charts have had no predictability or rhyme/reason to them at all. Support right now is at $7,310 which I do heavily anticipate breaking, leading to a test of $5,846.

Resistance is STRONG at the $9k level and I definitely don't see any way right now to make a case for being able to break that.

Happy trading!

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Just die Bear you son of a bitch.

Hey, bulls in control a long time last year....they ty ty :P

very nice post

The Bitcoin lost his moment

Yea, me thinks so....fundamentally horrible. Will ultimately fail.