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Bitcoin

BTC Bearish

By kcis2
Updated

2nd Publish. Still trying to figure out how to update with images so I can just update my last BTC post.
My last publish BTC held the secondary uptrend within the shortterm downtrend and broke above channel resistance to move higher. With a few adjustments to lines I believe you can see clearly on the longer term uptrend daily we are at the top of trendline. Not the top of the bull run but pullbacks are real in order to run higher.

I sold my BTC here waiting for reentry at bottom of uptrend channel. 7100-5600 BTC
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snapshot

Possible double bottom coming.

Macd crossover, stoch rsi upward. support resistance shown.
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Double top sorry. Do not know how to edit yet.
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Getting closer to testing this double top.
snapshot
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Channel is still holding headed towards potential double top.

Had to make a few small adjustments but overall trend is obvious. The move is taking a lot longer than I had originally thought. Failure to break out to new highs could see a correction down.

2sick
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Interesting selling coming in. Lets see how this plays out. ETH below 450 support. LTC holding pretty well at 98. BTC 10600

snapshot
Trend Analysis
kcis2

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