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peterbhc

BTC Another Bear Trap or S/R flip?

Short
Bitcoin (BITFINEX:BTCUSD)  
peterbhc Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Moving Averages
14
2
trendanalysis movingaverage
BTC has been using 19,500 as support but may have flipped it to resistance now.

Notice the 4H MA50, that has been holding BTC down for some time.

Today's close after testing resistance may lead to test 18,000 as there is a lot of resistance above for BTC.

Good Luck
Comment:
snapshot

4H MA50 - will it force BTC down again?
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