MagicPoopCannon

BTC is Up 18%, But The Bears Remain in Control!

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is currently rallying into the death cross region, where it will likely find extreme resistance. Today's candle is currently a bullish engulfing candle, but that doesn't mean that BTC will necessarily continue to rally above the death cross. A sustained breakout above the death cross would change the outlook from bearish to bullish . However, that hasn't happened yet, and despite today's 18% rally, the bears are still in control of BTC right now. A breakout above key resistance like the death cross, and a close above that level, with support held on it afterward, would change the foretasted direction of the market. Until that happens, the bias remains to the downside. Also, it isn't abnormal for the market to rally on a death cross, or fall on a golden cross. So, it would be wise to exercise caution in your assertions of the market right now.

I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

Comments

You are by far the worst analyst of 2019 up to now.
+23 Reply
@alpy07, I beg to differ. Ltc call should have let you know btc was gonna move. His bsv call was spot on. Just have to no the biased
+1 Reply
KEK I KNEW IT

THE MOMENT THIS GUY SHORTS IS THE PERFECT TIME TO LONG.

AMAZING!
+21 Reply
BuyGanyo GregTheSpider69
@GregTheSpider69, he has to do it on purpose.So many wrong calls with perfect timing right before pumps and dumps.Can be use as indicator-just do the opposite.
+4 Reply
" The sound of wreckage "

Hello poopness my old friend...
I've come to wreck you once again...
Because a delusion softly creeping...
left its seeds while you were sleeping...
And the short orders that were planted in your head...
still remain...
Within the sound of wreckage...
+17 Reply
donnguyen1022 GuruMeditation
@GuruMeditation, too funny!
+1 Reply
TravelDateGirls GuruMeditation
@GuruMeditation, Love the "Sounds of Silence" re-written lyrics lol
+1 Reply
Veaal1 GuruMeditation
@GuruMeditation, love it!
+1 Reply
wrong
+16 Reply
thats not a death cross you NOOB, deathcross only happens when both ma's are heading south.. what a retard.
+16 Reply
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