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AT CryptoScan: Bitcoin downside expected

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Bitcoin (BITSTAMP:BTCUSD)  
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BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) BTC BTCUSD crypto cryptocurrencies Cryptocurrency
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trendanalysis chartpattern indicator bitcoin btc btcusd crypto cryptocurrencies cryptocurrency
BTCUSD... DOWN, clearly as charts tell it.
The confluence of the weekly and daily chart is not unexpected, but uncanny. See the red circle in the weekly chart of the candlestick upper shadows, which translates to the Daily chart lower, BOTH failing the 55EMA.

Very bearish confluence IMHO...

PS. It is very similar for ETH as well!

Idee correlate

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