Most afternoon BTC spent it battling the 200 SMA of the 1H chart. If BTC passes, then it needs to invalidate the hidden bearish divergence on the 1H & 4H charts to get to battle the 50k resistance.
If it fails, it’s a free fall from here to 47.6k then 44k if it doesn’t hold.
Personally I remain bearish on the short term unless BTC goes through walls stated above.
If it fails, it’s a free fall from here to 47.6k then 44k if it doesn’t hold.
Personally I remain bearish on the short term unless BTC goes through walls stated above.
Trade closed: stop reached:
Bitcoin managed to break through the barriers with crazy volatility... the bearish hidden divergence along with the SMA has been conquered.
Unless you figure a way to make money while you sleep, you’ll work till you die.