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theeverythingbubble
Jul 19, 2019 4:02 AM

BITCOIN I'm Calling It! Rejection by the 21and 55 on the 12HR 

Bitcoin / United States DollarCoinbase

Description

So far we've been repeating the topping pattern we saw in late December 2017 and January 2018, but the price has been moving by about half the amount and the time it's taking is about half the time. If we repeat that pattern we will see a massive rejection here, which also happens to be the 377EMA on the 4HR chart. Let's see what happens but we could see a flood of downward price action soon.
Comments
BitcoinCensus
Nice hammer. I agree that is highly likely. I have been watching for this outcome, up or down all day.
theeverythingbubble
@BitcoinCensus, Look at January 21, 2018 on the Daily chart... Very interesting.
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