I don't like how things are looking

2018년 5월 1일

Damn, I still don't like btc chart because of the weekly. The actual price to consider is the one that trades in the body of the candle. So if you go to the weekly with heikin ashi candles, you'll see that there was too much indecisiveness in price and the actual bodies were really thin in December and January. Aligning the bodies you get a trend that is still serving as resistance for the price, and the price hasn't been able to break through :( I don't like how this looks. Momentum shot up but price is already finding some gravity force... There's going to be confusion in this area so I still believe we're going up, but things are going to get dramatic. If price just need a little pull back to finally break the trendline then I would consider 8,500 as the lowest but if it keeps going lower than that I would worry. I want to believe this movement is for a final impulse to break this trend line. Lets see what happens.