Bitcoin is lookin for a slump down and a major massive bounce upward would be indicated in the next two weeks if the $7100 range holds. Bears are now in control. Bitcoin has gone straight up for over four months and this is the first rejection and end to a Bullish trend. Bitcoin lost the top and has gone below the top bollinger band. BTC closed below the 50 EMA on two consecutive candles on the 12 hour.
S&P is a good reference point. If you are trading traditional markets keep an eye on SPY. Both Friday and Monday indicators flagged to the downside and the daily shows rejection.
For educational purposes only. This is not financial advice. DYOR
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