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Bitcoin [BTC] Bears in Control: Oscillators + Triangle
All Oscillators are pointed south:
The CMF on the daily flipped negative on the drop yesterday. The MACD is at a cross-section of a bearish shift.
Moreover, the RSI is also showing room for further drop on the daily scale.
The descending triangle with the Wick from the Xi pump could drive the price below $3000. While it seems far less probable, the descending trend signal a sell-off no doubt.
The weekly oscillators have been pointing towards a sell-off as well!
The CMF on the daily flipped negative on the drop yesterday. The MACD is at a cross-section of a bearish shift.
Moreover, the RSI is also showing room for further drop on the daily scale.
The descending triangle with the Wick from the Xi pump could drive the price below $3000. While it seems far less probable, the descending trend signal a sell-off no doubt.
The weekly oscillators have been pointing towards a sell-off as well!
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