Heavy selling at the 4h 20ma signalling bearish trend. On the way up this average was support.
Look how trend changes from support to resistance:
Are we done yet? I wait for break above these averages, if that is the case.
I suspect the fib channel shown will break down soon. In which case targeting 6k region.
Look how trend changes from support to resistance:
Are we done yet? I wait for break above these averages, if that is the case.
I suspect the fib channel shown will break down soon. In which case targeting 6k region.
Comment:
Keeps testing the 20ma
Comment:
Waiting for retest of 20ma
Comment:
Retesting 20ma for support.
Comment:
We are comfortably above 4h 50ma, this is a bullish move.
Now first target is 20ma on day chart
Comment:
20ma hit! Let's see how big the retrace is, it may go back to 9500 maybe not. Eitherway the trend still looks bullish.
Comment:
50 day MA, expect a retrace here. A break above will see us reclaim 11200
Trade closed: target reached:
My current Bitcoin trade now closed
