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Sherem

BTC Lower high formed

Short
Bitcoin (COINBASE:BTCUSD)  
Sherem Updated   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTC BTCUSD
32
5
trendanalysis chartpattern indicator btc btcusd
While this lower high is on a smaller scale, it's also ratified itself on a larger time frame. RSI and MACD look bad. Short now or wait for the break.

Less is sometimes a lot more. Be wary folks.

-Sherem
Comment:
We've pierced the downward channel. A break of 8700 should bring 8k. A break of 8k brings significant downside.

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