Crypto to Watch - Bitcoin (BTC) - Bearish Inverted Hammer

in #bitcoin • 5 years ago

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Bitcoin is not looking good here after a big volume day yesterday.

A Bearish Inverted Hammer is forming on an Inside Bar which is negative.

The other negative factor is that the resistance at $7360 is holding strong.

The MACD and RSI are neutral.

I put the odds at 60-40 that the next move will be down.

#cryptocurrency #btc #money #trading
5 years ago in #bitcoin by
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     5 years ago 

    I predict no December rally. The talk about bitcoin around the Thanksgiving dinner table is going to be "stay away from that stuff." Sentiment is bad now. I think it is going to get worse IMO.

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       5 years ago 

      Well you have been spot on so far.

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