Hey everyone!
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Here we've got bearish engulfing on 4 hr chart. Also after dump we had three red 4 hr candles in a row. This is extremely bearish candlestick formation.
I won't be surprised if BTC falls to 6800 today and goes even lower.
Also, everyone is speaking about BTC longs on Bitfinex - one of the dirtiest exchange nowadays. Those longs may be fake too, they could be "drawn" just to make everyone else hodl or even buy.
But if we stay longer at these price levels, then we will have golden cross on 4 HR chart because 200 MA is very close now. Also, if we stay longer here or even grow we'll see 50 MA and 100 MA cross on 1 D chart.
So, whether we start dumping here and go to 6500-6600 or even lower, or we start forming global bottom here.
More short here then long for now.
Always DYOR and have profitable trades!
Please support this idea with likes and subscribe to get fresh updates!
Here we've got bearish engulfing on 4 hr chart. Also after dump we had three red 4 hr candles in a row. This is extremely bearish candlestick formation.
I won't be surprised if BTC falls to 6800 today and goes even lower.
Also, everyone is speaking about BTC longs on Bitfinex - one of the dirtiest exchange nowadays. Those longs may be fake too, they could be "drawn" just to make everyone else hodl or even buy.
But if we stay longer at these price levels, then we will have golden cross on 4 HR chart because 200 MA is very close now. Also, if we stay longer here or even grow we'll see 50 MA and 100 MA cross on 1 D chart.
So, whether we start dumping here and go to 6500-6600 or even lower, or we start forming global bottom here.
More short here then long for now.
Always DYOR and have profitable trades!
P. S. EXCAVO liked me, thank you bro :)