BITSTAMP:BTCUSD   Bitcoin / Dollar
We can see that the last correction was of other magnitude in comparison with the other one. The propulsive strenght of bitcoin is less and less important.
We are now encountering a major resistance.

RSI spike are low and lower. RSI Bottom goes easily oversold.
There is a H&S pattern and I showed a possible bearish gartley in a previous analysis.
We are probably completing a B wave of Elliot cycle.

Theory can be invalidated if the resistance will be broken.

We are actually in a high risk situation for big loss. Possible gain is way inferior to loss.
Definitively we have to change something in our wallets.

Kommentar: I think I was to pessimistic

It seems to show some bullish divergence the RSI. So 8K was to low and 12-13 was the downward level.

I would look at what Goldbug says
Pretty accurate so far.
What is the resistance level you watch for?
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