10k Can't hold, Weak hands will sell.

2020年6月7日

Based on a different analysis that I did, BTC could take up to November this year to break out, Maybe even till the began of next year say mid January/Feb.

Sell signal on the two day Jewel.

Volatility is still expanding after a nasty rejection.

Stochs are crossing down.

We tested close to 10,500 on bitstamp, which would be my upper descending trending line of lower highs.

If we close this week below 9600, That would confirm a local top for me.

Small bounce at 8500-8600 maybe.

Then say
I would expect a bounce say between 7900-8100. Then see if price action wants to roll over again.

Then i start looking at the 377 ema siting at 7,424.

Then my next level would be the 200 ema and sma on Weekly sitting at 5,900-6,100 with maybe a wick into the lower 5,000 range.


Lets watch and see what happens!!!