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BTC - Are we getting near to dropdown?
BTC seems to be struggling at the top.
Likely to break trend as we pass the date of Segwit. Maybe a small push upward towards segwit before finally breaking down.
Looking at SQZMOM indicator we realise the uptrend is getting weaker.
Price makes higher high.
But SqzMom makers a lower high
RSI suggests a bearish divergence and keeps falling down.
Historically the last similar pattern suggested a correction.
Of upto 0.786 FIB level which is $3450.
Likely to break trend as we pass the date of Segwit. Maybe a small push upward towards segwit before finally breaking down.
Looking at SQZMOM indicator we realise the uptrend is getting weaker.
Price makes higher high.
But SqzMom makers a lower high
RSI suggests a bearish divergence and keeps falling down.
Historically the last similar pattern suggested a correction.
Of upto 0.786 FIB level which is $3450.
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