Crypto basket: Bearish outlook remains.

in #bitcoin8 years ago

Bitcoin outlook will be reflected on most cryptocurrency. With the day closing lower, after the week closed lower. I don't see a reason to change my outlook. With a few days left in the month and Q1. Now would be a good time for bulls to screw my outlook. Atm I don't see evidence of that happening. A day and week close below 7,787 would further set this path. More so a day close below 6812. Even stronger would be a week and month close below 6812.

If I am wrong, a attempt to reach 10,495 would be noticeable. I don't see evidence of this atm. The day closing with a fresh low is not bullish. Ethereum, Ripple, Litecoin, and Steem appear even weaker than Bitcoin. I suspect cheaper prices to buy will follow.

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