BTC not looking so bullish anymore

12 thg 8, 2019

Many things over the last week have shifted my outlook over the direction of BTC in the short and medium term. Horribly low volume, no buying pressure, bearish closes on several key daily candles, weekly closed bearish and overbought for quite a long time on nearly every TF.

$9450 is my target in the medium term. $5000 is not out of the question before a reset and turning back around.