Be ready for a drop
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Disclaimer:
Consider first that this is an analysis and not a recommendation to trade. Please trade based on your analysis:
Bitcoin shows similar conditions to previous drops based on many technical indicators in the Monthly timeframe:
1- Stoch RSI is in the oversold area
2- TSI At the same value as previous breakdowns
3- RSI at the same Value as previous breakdowns
4-TD Countdown shows an approximate number of previous breakdowns
In general, although I consider a local top possible, I consider the probability of a drop to be high
