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Oboogie
May 7, 2018 11:46 PM

It's all over now, babe bull 

Bitcoin / DollarBitfinex

Description

The day as per UTC is closing really bad for bulls. BTC failed to get over the 10-MA in the 4 hours chart and the 50-MA is crossing under it, confirming the downtrend reversal.
Looking at the Daily chart, things don't look any better. The 10-Day MA (in red) support was tested and broken earlier today. The bears seem to have everything under control, despite bulls objections; the landscape isn't looking good. Next target on the downside is bellow the 9k frontier.
It's going to be a long night.
Comments
dayknight
you will get REKT like @MagicPoopCannon hahahahahaha
Oboogie
@dayknight, lol. I hope I'm wrong, because I'm long now. And I'm an amateur, I'm learning or trying to learn TA and crypto markets. I'm not a top rated analyst like him.
Oboogie
@dayknight, I wasn't that wrong man... I should have closed my position when i saw it failing to break the 10k line. My targets were wrong and I couldn't surf the long nor the short. Dammed it! That's why I'm learning TA. Blessings
dayknight
@Oboogie, u have good TA skills, don't worry man there are so many upcoming chances
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