CryptoGuru369

Bitcoin 4H Death Cross of Doom - Re-test 9300 First?

Long
BYBIT:BTCUSD   None
We just had a 4H Death Cross of the green 55EMA and the purple 200EMA. Previously, this has lead to declines of 14% on the low end and thousands of dollars on the high end. In prior examples, price action typically rallies up to around the 4H 55EMA, 4H 200EMA, and/or Daily 21EMA area. This long is a long for price re-testing the 4H Death Cross.

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Buy: 8612-8638
Sell: 8796, 8949, 9281
Stop: 8425.5
Comment:
Target #1 - HIT (2.13%)
Target #2 - HIT (3.9%)
Comment:
Yesterday, we came up to test the green 4H 55EMA, just as we have in the past.
Comment:
Albeit the first attempt failed, the second attempt (Entry March, 1st 22:00) has hit 2/3 targets thus far. This type of trade setup is active every time price comes above the support/resistance boxes.

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