Bitcoin: Bearish for now. Bounce?

19 May 2018

BTCUSD

After a nasty Head n Shoulders and a clear rejection at the trend line, we fell.

We fell right through the 50MA. + rejected again at the 100MA after a death cross. This is as bearish as it gets.

Looks like we are heading toward 7600 or 6800 - will another huge buy in save the day?

Who cares, I am still tethered. Alts beware.

trade safe, trade smart. Crypthub Academy.

24 May 2018

Not

Target 01 reached. Not a lot of volume. Waiting for the 2nd green box now, will be monitoring for a short squeeze or large volume support.