Quote from: Shenzou on June 08, 2019, 09:58:51 PM

Quote from: _Django05_ on June 03, 2019, 03:17:43 AM

According to a recent Twitter post from Josh Olszewicz, an analyst at Brave New Coin, Bitcoins one-day chart is starting to show signs that bears are starting to creep into the cryptocurrency scene. He explains that Bitcoin is currently trading in a rising wedge pattern, which if not broken past, often acts as a catalyst for a bearish trend reversal.

Whats more, there have been bearish divergences between Bitcoins price, and the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). In other words, as BTC has moved higher over the past two weeks, these indicators have trended lower. This is important, as bullish divergences seemingly preceded a number of crypto market rallies throughout recent trading sessions.

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Your thoughts guys?

All these are prediction and speculation and there is really nothing to worry about, all it is it just a push and pull from whales and bears as they realize that this is might be there last chance to get their hands on some btc at this low of a price as we slowly approach the point where starts buying before the halving in which the prices might reach very high levels, we went back and for between the 7k and 8k multiple times and it is obviously corrections and once it breaks past the 8.5k will be good to go.

We are really having these kind of pull and push of prices on these levels and this do like just happen on 6-7k price in the past
where we can presume that we are currently seeing the same situation.I don't see for people do see that exhaustion thing yet only big players on
this market can sees through it.