BITCOIN - Short Term View: BEARISH

in #bitcoin8 years ago

Correction Target Smashed!


This is an update on my previous analysis that you can find here:
https://steemit.com/bitcoin/@benkalashnikov/3qkwws-bitcoin-short-term-view-bearish

We smashed my first projected target and landed somewhere between my 2 targets. We could be forming an ABC pattern which means my 2nd target is still in play. Also, the RSI is confirming a bearish divergence meaning that the price is moving up in a channel while the RSI strength is moving down.

A play I'm considering is to short BTC as the RSI looks topped.

Short Term View: BEARISH


Screen Shot 2018-06-07 at 10.32.14.png

Mid Term View: BULLISH


Screen Shot 2018-06-07 at 10.36.19.png

What are your thoughts? Would love to hear what your mid term view is on Bitcoin. Comment below!

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Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.

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