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. If you find this idea reasonable, please like it, I appreciate your thumbs up. People who like will have a bonus of Four-Day free trial of -"9 Seasons Rainbow Multiple Time Frames Pattern STANDARD Indicator". If you love it, or if you hate it, leave your comment or your point of view. People who comment will have a bonus of one-week free trial of -"9 Seasons R...