Hi everybody!
I introduce you to the weekly chart of BTC, we are currently at critical resistance just before the weekly close.
The price of BTC is approaching the 50 EMA (orange) and the 100 EMA (blue), so I think the upside is limited from here.
In our last analysis, we mentioned: So how are we going to play this? Earlier tonight we closed our shorts from yesterday on BTC BCH and EOS and re-shorted at the H&S neckline and the 0.618 of today's range. If BTC breaks this level we will add to our positions at 5000 and the 5226-5131 range as shown on the chart!
Yesterday we got a nice rejection, and we profited with some shorts on LTC XRP and BAB. We will be bearish until the 5350-5230 is broken with volume, then it's of to our earlier target around 5700-6000 (as mentioned in our analysis on the 4th of April).
if you like our ideas please leave a like and follow us here and on Telegram : /CryptoSantaFortuna
Good luck!
I introduce you to the weekly chart of BTC, we are currently at critical resistance just before the weekly close.
The price of BTC is approaching the 50 EMA (orange) and the 100 EMA (blue), so I think the upside is limited from here.
In our last analysis, we mentioned: So how are we going to play this? Earlier tonight we closed our shorts from yesterday on BTC BCH and EOS and re-shorted at the H&S neckline and the 0.618 of today's range. If BTC breaks this level we will add to our positions at 5000 and the 5226-5131 range as shown on the chart!
Yesterday we got a nice rejection, and we profited with some shorts on LTC XRP and BAB. We will be bearish until the 5350-5230 is broken with volume, then it's of to our earlier target around 5700-6000 (as mentioned in our analysis on the 4th of April).
if you like our ideas please leave a like and follow us here and on Telegram : /CryptoSantaFortuna
Good luck!
