Strong downward momentum of Bitcoin
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Consider the following in the weekly timeframe:
1- Bitcoin has created 8 consecutive red candlesticks for the first time in history.
2- The Bearish setup of TD sequential started before the end of the previous bearish countdown.
3- momentum indicator crosstown the zero line
4- The VI indicator has a descending crossover.
based on the first two, what we are facing seems to be a strong downtrend momentum.
