Bitcoin weekly downtrend

13 thg 10, 2019Bitcoin is in a weekly downtrend. We have confirmed a lower high and lower low. Major weekly pivot is the previous liquid zone we broke on Sept 23. Found support on green 55 EMA , confirmed rejection off yellow 21 EMA , using it as resistance alongside the liquid zone. Next target is next major liquid zone at around 6800, aligning with the cyan 89 EMA .

Stochastic is trending down, in bear control zone.

RSI is using edge of bear control zone as support, but we are below the RSI EMA. No weekly divergence in trend