degentrader1111

BTC returning to the mean

Short
BITFINEX:BTCUSD   Bitcoin
BTC historically almost always returns to the 1W 20sma. Weekly resistance at 11.5 held and btc printed a 1W bear div. 3D macd still red. Daily support at 10.8 looks like it wont hold. looking to short from 11-11.2 target 1W20sma
Comment:
closed short at 10.2, reshorted 10.2-9800 then opened long on 4-12hr bull div. flat now just waitinf. total MCAP chart already touched 1W20SMA so not sure if we will get there, BTC at 1D 100sma
Comment:
look at that :)
Comment:
bearish scenario played out unfortunately

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