BTC TO $5.8K BY 04/20/2020

14 Apr 2020

The chart above contains clear bearish confluence per TA. Volume since 03/12 has decreased, and remained mostly stagnant. However, we can see that price has mostly increased during this time as well! This tells us that it is probable that bulls are becoming exhausted. Big Bears are waiting to step in. Here we are at a tipping point. We have failed to break through massive resistance near 7.5k. Note the H&S + bearish triangle + bearish divergence on the daily + 4hr charts. NOT ONLY THIS BUT BOTH THE DOWN AND S&P HAVE BOTH BEEN ON A RUN WHILE BTC HAS BEEN STUCK IN A 10% RANGE FOR DAYS. Take my TA as you will, you should do your own as well. Please like and follow if my TA helps you.