Bitcoin correction countdown started

29 Kas 2017

Technically speaking bitcoin bulls are getting exhausted judging from the bearish divergence on RSI and DMI and Tom DeMark’s TD Sequential. TD Setup on weekly will be completed end of this week with the 9 count after which pause, pullback, or reversal is likely. Correction can still stretch up until count 13 which will be the end of the year. At this point the main price drivers seem to be Koreans and Japanese plus new money coming in due to this sudden rise in price. At this point I am mostly out of BTC and in partially in BCH.


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