pieisadope

What's holding bitcoin down at 9.1k? The answer...

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Is obviously the daily 200 EMA , it is a re-known support and resistance . The 200 Daily EMA is a good indicator of whether we are bullish or bearish . Now that we've been hovering below it for 3 days it really shows how strong of a resistance to hold us down for three straight days. This is the time where we either break for a run to 11.6k or we fail to break and make a retest of uptrend line we bounced off. Tight stoplosses on current trades should be held.
Agreed, strong resistance.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out