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Alexander_Harford

Bitcoin is testing 50MA. Will fall and bounce from Local Support

Short
Bitcoin (BITSTAMP:BTCUSD)  
Alexander_Harford  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) BTCUSD crypto
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trendanalysis chartpattern indicator bitcoin btcusd crypto
The 50MA has been acting as Support for Bitcoin for almost a month. At the moment price is in the line's area. Moreover , BTC is testing the Upward channel with the Local Resistance/Support line nearby. As the EMA are about to intercept and the last candle providing us with the Hanging Man patter we can expect the decline and the following pullback in the price of Bitcoin!
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