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MaAndre0805
Jul 18, 2019 5:43 PM

BTC 4H chart - have we been here before?  Short

Bitcoin / U.S. dollarBitstamp

Description

I will not enter any long position until a higher high was made on the 4H with a candle close above 10900.
Impeding "death cross" on the 4H chart delayed by the pump but let's see if next candle can hold above 10600. I found a similar situation after the ATH which didn't end well for BTC.

Im just a noob so don't trade my advise.
Comments
personalityson
I think we passed 20th Jan in the fractal, which should give ca. 9.7k tomorrow
i.imgur.com/PIaHa4y.png
MaAndre0805
@personalityson, agreed. Cant take anything for granted in the crypto world but I would consider the 200 EMA a strong resistance that has been respected often in the past. It does happen often that a death or golden cross is first met in the opposite direction by the price before a big swing occurs in the direction of the trend.
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