Damm folks! Maybe I'm beaked, but I don't see the bulls defending the 50-MA in the four hours chart. btc needs to hold that MTF on, or else it'll go down to test the 7k frontier again. Down there we can see the overall ascending trend-line, actually tested a few sessions ago. If there's not enough long positions to hold the mentioned MA, and if I'm not that stoned, we can expect to get under the 7.1k line. Taking into consideration that the bulls failed to break the 20-EMA resistance and have broken 50-MA support instead, I'm afraid it was a remoras trap my friends. I'm gonna develop a Remoras Theory. Don't forget, this is war pals! lol. Peace.
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UNa pinche paliza! FOMO and FUD, remoras are getting liquidated now.
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Bulls succeed breaking out the 20-EMA and now its testing the tough 7.5k resistance, once again. It seems a bull flag, though it's taking too long to break-out. Let's see what our top authors says, but this is a bearish market still.
btc gonna get Facked up tonight. i am contacting the whales as we speak
supestv
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or this could just be a wave 2.
Oboogie
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@alexyeoh, I don't find the Waves theory so accurate. But I'm learning though. As you can see I'm more a TA classic guy, and if a moving average doesn't hold and I see that, I stick with that -and others indicators of course, and commentaries like yours. Thanks! Peace bro.