BTC NEAR $3900

in #bitcoin • 6 years ago

BTC UPDATE

Trend just hit all major resistances I was looking at yesterday. #BTC attempted to break diagonal resistance at $3900 right on the MA100. We only had a small rejection for now. I'm still bearish (short-term) on this point and it's hard for me to know if all these resistances will be destroyed or not. This means I'm expecting a retracement before to break above these levels so I'm more Bullish in the mid-term. Everything can happen as we know but at this point all we need is a Confirmation. Breaking this pattern upward would be great!

Notice the Moving Averages. They have all crossed Bullish in the Lower Timeframes (LTFs) and they look like they might cross also in the daily. A Bullish cross between MA50 and MA100 might happen really soon. MA200 (which is still far away) will be the MEGA test for #BTC.

For further any queries
Ask @luckys

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6 years ago in #bitcoin by
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