$BTC, She Being Stubborn…

6 בדצמ׳ 2018

Monthly
Looking at our trend timeframe see price continuing to respect our downtrend behavior, looking to test our support zone at $3,000. Stochastic RSI showing momentum in favor of bears, will watch smaller timeframe for entry. Last time BTC was at this price was back in September 2017.


Weekly
Shifting over to our pattern timeframe we see price looking to form a higher low at $3,700 and remain above our $3,000 support. A weekly close above $4,000 activates our trade, otherwise expecting price to continue to sell off towards $1,800 support. Stochastic RSI showing no signs of reversal in momentum.