Bitcoin is stuck between a rock and a hard place for awhile
Bitcoin is squeeze between the 4H 400MA and the 0.382 fib line. In the next 8 hours we should see whether it will break up or down.
While it has been rejected by the 0.382 fib, its supported by a powerful moving average, the 400MA.
I expect downward movement for the next 8 hours based on the rejection and RSI.
While it has been rejected by the 0.382 fib, its supported by a powerful moving average, the 400MA.
I expect downward movement for the next 8 hours based on the rejection and RSI.
Comment:
This is no longer in play and was only good for about 8 hours...there is a newer analysis.
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