TheTrex

Bitcoin - Bearish Scenario

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BITSTAMP:BTCUSD   Bitcoin
Monthly MACD is coming soon to a cross, comparing it to 2014, real selling only started then and you can also see that if you look at the colored volume bars. Stoch RSI has running bottom for a long period in 2014 so being at the bottom doesn't mean too much historically speaking. The time prediction also seems to align with the coming together of the bottom and top trendline in 2018. We will see whether it will repeat or not, it's just a scenario.

I will also make a bullish scenario, to have a neutral outlook if the market suddenly changes trend. Always have a plan A & B, know your risk management and don't forget to take profit!
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Come back in October-November, BTFD. Monthly bear coming to play now.

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