Hey buddies, btc isn't looking good...
Maybe I'm too stoned but if you are one of those that have been looking to the screen for the past hours, one thing is for sure: we're in a downtrend and we haven't bounced yet. Looking at the hourly chart, the 20-EMA (in yellow) is been working as an overhead resistance that have succeeded rejecting every single short uptrend rally. The outcome is that bulls can't get momentum and the RSI is bellow 50. Also, 50 EMA and 20 EMA seem to be too strong and ready to reject any further attempt to cut through its resistance.
The next hour is decisive to know if we have bounced or not yet.
Peace.
Maybe I'm too stoned but if you are one of those that have been looking to the screen for the past hours, one thing is for sure: we're in a downtrend and we haven't bounced yet. Looking at the hourly chart, the 20-EMA (in yellow) is been working as an overhead resistance that have succeeded rejecting every single short uptrend rally. The outcome is that bulls can't get momentum and the RSI is bellow 50. Also, 50 EMA and 20 EMA seem to be too strong and ready to reject any further attempt to cut through its resistance.
The next hour is decisive to know if we have bounced or not yet.
Peace.
Comment:
Told you. Look at that doji candle! Madre de Dios! I should short it, but I'm too busy trimming.