blackofcrypto
Short

Bitcoin Going To Face Too Much Difficulty

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Plan : Sell orders at 10.200 usd – 10.400 usd / Buy orders at 8.400 usd – 7.700 usd

Here We Go;
- Bearish Trend Line Broke and Retest ( Bullish )
o This an important trend line comes through 20k downtrend, little tip about broken trend lines ; buy when price pullback and retest trend again, we are in that move now

- Bullish Bat Pattern D leg at 6700 ( Bearish ) I’m not expecting that prices again, but have to say what pattern tells
o Bearish Bat Pattern Forming at 4H and D Leg Comes Around 10.400 We can see pullback from this level

- Double Top & 2618 Pattern; it comes around 10.300 – 10.400 range for pullback

- Huge Cloud Appears Difficult to Break ( Bearish );

o Bigger cloud means harder resistance, makes it difficult to break

- Ema 20 and Ema 50 Resistances Are Makes It More Difficult

o Also Daily Bol             Bands Basis Line Comes Between Ema 20 and Ema 50 (Another Resistance)

- Rsi going to test 50 level resistance;
o Very hard to break this resistance at downtrend

- ADX and DI Still Bearish
o Till Green Line Cross Up Red and Yellow or Red Cross Down Yellow

- Fisher Tried to Turn Green; Second Good Sign But Fisher Is Fast Indicator, So I’m Using It Mostly For Confirmation

Trade closed: target reached: Made an expected move
@blackofcrypto
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