Bitcoin Looking to make an adjustment Downwards!

in #btc6 years ago

Hey guys,
So Here is the Situation, Lets break it down!

Multiple Indicators pointing to downwards!!!! Heading to 8k

Although We did just go threw a breakout on bitcoin but the retrace was heavy!

Rsi, and CCI are both pushing down from yesterday.
Last time we had RSI and CCI this high we dropped $3,000 in value.

All of the Elliot indicators are pointing to downtrend.
Notice the Red A,b,c,d,e Down Scaling on 2 seperate Pieces.

Historical analysis in a 3 wave downtrend are all showing downtrend as well.

EMA crossover about to cross down.

Thanks,
TheCryptoGenie

PS: I have never posted negative chart about bitcoin but today I find it Inevitable!!

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