Short

Bitcoin BTC/USD Coinbase headed lower

I believe that bitcoin is headed lower. The monthly, weekly, 4 day and 3 day stoch RSI is headed down. Lower time frames are up but we to be in a dead cat bounce. I think 57k local top or we could push to 60k then back down I think we will see the macD have weak cross on the daily. I will follow up as this unfolds.

Note

Typo correction: Lower time frames are up but we are in what looks like a dead cat bounce.

Note

We will either bounce at the .5 fib or fall further down. We'll have direction soon.

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.