in #bitcoin2 years ago

Bitcoin is forming a bullish channel with a rather interesting bearish divergence (yellow lines).
Today it also headed to the resistance level just below 45,600, where selling occurred back to the resistance block between 39,600-44,500. For a bullish move, we need to break the resistance wall at 45.600 + EMA 200 (two big resistances cross here) and confirm support here to head further higher.

I myself am ready to open short positions today, due to the big drop in market strength. Therefore, I do not expect a reversal and a break of 45.600 and the EMA 200 (we will have to wait for this). Bitcoin again has no strength.


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