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highleverage47
Jan 22, 2022 6:53 AM

BTC Failed 4hr EMA Ribbon Flip 

Bitcoin / U.S. dollarBitstamp

Description

If BTC repeats itself from the last time the ema ribbon on the 4hr couldn't flip bullish, we can expect a deeper cut. This price target would also coincide with the head and shoulders pattern I posted about in December
I closed my long positions as candles closed below the ribbon, luckily before things got ugly
Zooming out, this looks like the last chance for the bulls before things get worse
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