Faibik

Bitcoin | Major Resistance got Rejected again..!!

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
#BTC (Update)


Once Again, Bitcoin Failed to Clear the 20k Psychological Level..!!

At the Moment, Bears in Control But Still Bitcoin Moving Above 4h EMA50 (18.3K) & 18.2k Horizontal Support.

If Bulls Lost the EMA50 Support too, Next Stop Would be 17.4k Area.

If Bulls Defend the Support & Bitcoin Bounced Back then Bitcoin Might test the +20k.



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Comments

20k is coming!
Reply
It respected the moving average ... lets wait to see if the drop will occur. Thanks for sharing.
Reply
Nice explanation ... thanks for sharing.
Reply
It may be inverted head & shoulders too. ;-)
Reply
Faibik Goodtrader83
@Goodtrader83 thanks for sharing your opinion here
Reply
@Faibik, No problem, good luck.
Reply
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