BITCOIN – 16 May

On 4hr chart, possible double top neckline around 7777 zone. Mentioned about the big movement 2 days ago, it happened again today causing the selloff which alts move in sympathy too. The amount was much higher than the previous round, will the bullish sentiment absorb all the unload and continue to push the rally till next resistance zone around 9600 zone? Previously bear divergence on stoch price, it formed possible double top and bounce off neckline/MA zone, will it repeat again and push us to next resistance levels around 9600 zone ?

News: (Current) | (Upcoming)

Short term moving average (day candle) :
Network Value to Transactions Ratio :112
Total marketcap :345
Dominance :56.7
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

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