Bitcoin Looking to make an adjustment Downwards!
Hey guys,
So Here is the Situation, Lets break it down!
Multiple Indicators pointing to downwards!!!! Heading to 8k
Although We did just go threw a breakout on bitcoin but the retrace was heavy!
Rsi, and CCI are both pushing down from yesterday.
Last time we had RSI and CCI this high we dropped $3,000 in value.
All of the Elliot indicators are pointing to downtrend.
Notice the Red A,b,c,d,e Down Scaling on 2 seperate Pieces.
Historical analysis in a 3 wave downtrend are all showing downtrend as well.
EMA crossover about to cross down.
Thanks,
TheCryptoGenie
PS: I have never posted negative chart about bitcoin but today I find it Inevitable!!