Oboogie

"It's over", Moving Average declares.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi again bitcoin             traders :)

Following what I've done yesterday, I'm moving to a bigger time-frame period and trying to see how this bearish reversal affected the current week's price evolution.

Despite this one has been a very important bullish week (inside a deep downtrend), today's reversal shows that bulls aren't that strong after all. As it looks, the 200-MA (in red) has finally taken a slide downwards, pushing down the price more than 400 dollars in today last four hours as per UTC. It has, also, played as a stopper to the bulls rally that four hours before looked pretty much stronger. At the same time, while the 50-MA (in yellow) situated at around 6.8k is working as support and the 100-MA (in blue) at around 8.7k is doing as a hard resistance, the candle is starting to look like a Doji one. If that resistance line drawn at 8.5k ends up being as strong as it proved to be in the past, it will be over.

Maybe I'm too stoned and it's too early to called it over, Let's see what happens and how this week ends.
Peace out.
puff puff passsss, mannn
+1 Reply
Oboogie djhaf
@djhaf, peace bro
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out