BITCOIN IS RUNNING OUT OF GAS, A PULLBACK MAY HAPPEN SOON


BITCOIN (BITFINEX:BTCUSD) is testing the upper border of the ascending channel . Two attempts were failed during the past hours. There may be another test, but with a high probability, a Pullback may happen soon. 

Reasons: 
Overbought / Resistance (Yellow) in 30 minute, and 42 minute time frames. 
In 15 minute, a Double Top Pattern is formed. 
MACD Divergence in 30 minute 
RSI has Lower Top. 
Hammer on the top of 1 hour time frame. 


There is strong support in 4130-4160, it is still too early to say if the support will work once more. 

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DISCLAIMER 
This is only a personal opinion and does NOT serve as investing NOR trading advice. 
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities. 

Source of the idea:
https://www.tradingview.com/chart/BTCUSD/T6ejzrXh-BITCOIN-IS-RUNNING-OUT-OF-GAS-A-PULLBACK-MAY-HAPPEN-SOON/

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