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planabcfailed
Feb 20, 2018 8:26 AM

Bitcoin Golden Crossover?Suggesting for a long term ATH? 

Bitcoin / DollarBitfinex

Description

Last time BTC had a golden crossover was after the China ban in October pointed with the green arrow. 50 ma crossing over 200 ma on the 4h chart.

But on the daily chart there is bearish crossover of the 50ma and the 100 ma something that didnt happen in october during the china ban see below.


Also a bullish doji on the weekly:


Im expecting a drop since its a rising wedge. WIth a selloff to 0.382 fib level. but it shouldnt go lower than 9k. if it does itll be bearish again.

this is just an neutral analysis





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rising wedge broken

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retest of 200 ma is healthy

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Comments
evactrade
Hi! I am wondering if you could advise me about what you think about this double top and support found at neckline on 4 hours? Do you think it will make an attempt to go up or much further down today?
hi108
can we see update please?
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