miketheleisureman

BTC warning from last post for bulls

Short
BINANCE:BTCUSD.P   BTC Perpetual Futures Contract
As I explained in my last post earlier today , the internet rate hike may not necesarily ensure a bull trend because as in nature , the laws of moving averages and other indicators must eventually be respected and followed.

The candlestick did Indeed fall bellow a support key level on the 4hr chart following the spike upwards of the bars pump.

I still contend that the price should be expected to reach the MA 200 on the 4 hr prior to heading back up .
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