bertie1474

bertie1474 Updated 

Is this the mother of all crashes, not looking good for Bitcoin on the monthly chart. Bearish RSI Divergence formed, entry on the 50 level cross of the 5 period RSI. Price action failed to close above previous high of $64899 on 2 separate occasions, which normally means it is a strong level of resistance. If the support level is broken at $28800 (Jun 21 Low),...

bertie1474

Short term pullback, waiting for confirmation of next swing high. Expecting price to resume downtrend at around the 0.5 fib level, target 1.618 fib level. This level coincides with monthly support level. If price fails to hold at this level, we could see a slide to $ 10,000.