Black- 200 EMA
Orange- 50 EMA
Yellow- 20 EMA
White- 9 EMA
That long red wick managed to almost instantly put us under 4 critical EMAs, just as we appeared to be leaving a downtrend.
Now the EMAs show a clear downtrend, with the 10 currently acting as resistance.
This result of this one friggin' candle managed to greatly effect the behavior of most bots with one move.
At time of publishing the 2/25 20:00 candle just hit the 9 EMA. Will it continue to act as resistance?
Find out next time on BTC- the Road to 8k (or 11k)
Orange- 50 EMA
Yellow- 20 EMA
White- 9 EMA
That long red wick managed to almost instantly put us under 4 critical EMAs, just as we appeared to be leaving a downtrend.
Now the EMAs show a clear downtrend, with the 10 currently acting as resistance.
This result of this one friggin' candle managed to greatly effect the behavior of most bots with one move.
At time of publishing the 2/25 20:00 candle just hit the 9 EMA. Will it continue to act as resistance?
Find out next time on BTC- the Road to 8k (or 11k)