BITCOIN Top Looks In -- Support Test Looking at $16,050

in #bitcoin7 years ago

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Bitcoin looks like it just had the top in for now before a probably pullback. The hourly RSI was over 84 which is typically 4 points over what we normally see before a pullback.

A pullback is likely and support is strong around the $16,050 level. The floor below that is the $15,400 level.

Bull volume has extremely diminished, so I'd expect we see the pullback with increasing bear volume before bulls rally and show up again to push prices up.

If we see money flowing out of BTC, we will likely se the other alt coins rally. Ethereum is looking to make a new ATH near the $1,020 level.

Hope everyone's doing well! Happy Friday and Happy Trading!!!!

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I do not see a single market listing BTC this low?

what's "this low"? give me a price.