peterbhc

BTC 4H MA50 Rejections

Short
peterbhc Updated   
BITFINEX:BTCUSD   Bitcoin
Since Mid August, BTC has only managed to advance above 4H MA50 twice, which both times created a pump.

Notice how many times the 4H MA50 has been a SHORT signal for BTC.

What will happen the next time BTC price reaches the 4H MA50, Pump or Dump?

Good Luck
Comment:

Pumped up to resistance (19,500 to 19,700). I was expecting a lower high not to exceed 20,300. But has some patterns of a distribution top here, but not completely. still monitoring.
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