peter-l

Btc enters a critical moment

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Yesterday, long an short fought again, and the second challenge to the mid-track of the track line failed, and the long morale was obviously frustrated. The finishing work of the triangle is coming to an end, let us look at the comparison of the strength of the two sides.
Multi-party: the golden line 0.236: 6404 US dollars, the moving average line 18: 6510 US dollars, MACD long trend;
Empty side: the golden line is 0.382:6806 US dollars, the track line is 6660 USD, the downtrend line is 6750 USD, the moving average is 36:6650 USD, and the moving average is 72:6840 USD.
The strength of both sides is disparity, but we have already said that life and death, the brave win. If the bulls lose, they will be forced into a dead end. Once the upswing of fine maintenance is lost, the $6,000 line of defense will be directly exposed to the short-selling muzzle. If the bears fail, they will lose their defense and let the bulls directly threaten the $8,000 defense.
Summary: The battle has entered the final moment, the two sides can not afford to lose, the next few days may be the moment to decide the fate of 2018. If you are not ready yet, please stay on the sidelines and join the winners after the direction is clear.
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