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nagihatoum
Jul 8, 2020 8:38 AM

BTC gathering steam? 

Bitcoin / United States DollarCoinbase

Description

Finding support on the 2H and 4H 200ema. A close above 9280 means continuation up.

Comment

upper target reached
Comments
alienteck
Rejected at 9300 3 times in a row, make it 4.. makes me think of in the land of the blind the the guy with the walking cane is king..
nagihatoum
@alienteck, you cant discount the short squeeze
alienteck
@nagihatoum, yes those are fast and furious in this thing. But anyone following the breakout will get hit soon after so its positioning before it happens which ever side the move is on which is the risky part.. Selling the breakouts or breakdowns have always mostly been a more profitable opportunity. Those in positions from before are just waiting since they have margin..

Are you feeling lucky?
AminHa4
I agree about this.
But we have to keep eyes on higher TF's too, daily is not agree yet ... if you check rsi there you can see that.
Thanks for sharing your chart.
AminHa4
@AminHa4 check this out @nagihatoum
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