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rhawshemi
Jun 22, 2020 8:55 AM

Bitcoin Analysis Update (LongTerm & ShortTerm) 

Bitcoin FuturesCME GLOBEX

Description

After some ranging & frustrating price action, now Bitcoin is ready for a massive move and explosion.
Direction? No one knows.

If a 4H candle closes above MA200, it could test the $9600, and if it takes out that wick, the test of 9900 is probable. But if it comes down to the EMA200, it could build a Death Cross in the 4H TF and could trigger other bearish factors.
But If PA tests the previous Weekly candle wick, the explosion probably would be in favor of Bears.
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