TheTradingDog

Bitcoin - ALL TIME LOW CONFIRMED ! 100 MA WEEKLY

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Lets get straight to the point, bitcoin is going down in the short term however so i'm here to prepare you for the best short you've had in your lifetime !
One of the first support lines of bitcoins big bull market surge is the 100 MA line which acted as support throughout the whole bull market, once bitcoin broke down below it you can clearly see it acted as resistance multiple times. PERFECT EXAMPLE OF BITCOIN BEING IN A BEAR MARKET!
Right now bitcoin is moving up to the 100 MA line again and it is going to have to choose to break it and end the bull market (which is very improbable looking at all the bearish signs and signs of bitcoin being overbought and topped out at this point) or test it, fail and go down finally testing the 350 MA this time and using that support to break the 100 MA in the next bull rally.

Please like & share if you liked this so i can keep making these TA's and trading setups for you FOR FREE :) !

Comments

Looking like this may work out :)
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