Monthly Chart on Bitcoin signals Macro Top Reversal

29 May

With only a few days remaining this month, the monthly chart on Bitcoin is setting up to be very bearish:

• As price action has gone up, Market Cipher B is printing a red Sell signal on the 1M chart, signaling a macro top reversal.
  
• If this monthly closure confirms another macro top, bearish divergence will confirm on RSI (top half) and Momentum (bottom half).
  
• Money Flow is also going down, and the VWAP shows a negative decline.