All signs looking bearish in the short tearm
Updated
We have been putting in lower highs in the short trend and we are now in the lower part of the triangle pattern with a bearish MACD and a very bearish RSI and a fear factor of only 11 indicates a weak and confused market at this time..
I think we will break to the down side taking a break at the $9500 level and perhaps fall to the $8500 before getting the strength to blast though all the heavy ressistance
we need to eventually establish a up trend once again.. We need to put in a Higher high at 12k to fully start a strong long term up trend again and continue the bull run
I think we will break to the down side taking a break at the $9500 level and perhaps fall to the $8500 before getting the strength to blast though all the heavy ressistance
we need to eventually establish a up trend once again.. We need to put in a Higher high at 12k to fully start a strong long term up trend again and continue the bull run
Note
the Fear and Greed factor is at only 5 atm
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