April 9, 2019

BTC $5000 is coming.

A brief analysis on bitcoin (1H).

In my opinion the bulls have lost momentum and will not be able to break the $5350 resistace without a correction.

OBV shows us that the selling volume has been surpassing the buying volume , MACD and RSI recently crossed to the bearish side and they do not demonstrate strength to react.

I am projecting a drop to at least $5000, which is 0.618fib from the last upward movement and also coincides with the 200MA region (1H).

Published at Tue, 09 Apr 2019 15:05:31 +0000

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