Edgy_

BTC bear break: Last bastion for Daily Higher Lows

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello guys, hope you're doing well! ;) As the bulls have broken a beautiful bear-flag on the Hourly & 4H bearish , it is right now the last chance for the bulls to form Higher Lows on Daily.

We're haven't touched EMA 12 & 26 lines on the Daily at all, on the 4H & Hourly we have clearly rejected, before dumping again.

EMA 12 is acting clearly as resistance right now on the Hourly: for the bulls to have any hope, we have to break the Hourly Lower Highs at 6.200 psychological.

=> Otherwise, this will just have been another bear flag , before the dump continues. RSI is definitely cooling-off again.

If you had some value from my analysis, please like & subscribe so you don't miss it next time, and watch my daily videos! ;)

About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC .

Comments

Yes sir
Thank u:)
+1 Reply
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