MJI786

BTC Rejected by the 200 EMA!

BINANCE:BTCUSDT   Bitcoin / TetherUS
Here's a quick look at BTC 4 hr chart. As we can see the price is right now in a bigger falling wedge .
Also the 200 EMA on the 4 hr chart has worked as a support throughout the bullrun. If we can get back above and close above it, that would be a bullish sign - otherwise we will continue lower!

Also the resistance zone is a very important zone to overcome. If the price can manage to get past the resistance zone , 60k is then very likely and i should remind you that we've got an unfilled CME gap at 60.3k.

The volume is decreasing and the price is increasing - that's a bearish sign! We are at the top of the falling wedge , and it would make sense to get a pullback or a bigger breakout to the upside.

If we break below the crucial zone, the price will very likely get down to the support zone .

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Comments

With great pamp comes with great DAMP..
+1 Reply
MJI786 Wojak_Buys_High
@Wojak_Buys_High sadly yes :)
+1 Reply
Btc going 50 000$ or 42 000$
Reply
institutes tomorrow morning everything you love i hope will be ok.
Reply
@Oacen lets see :)
Reply
Oacen MJI786
@MJI786, i will never forget what they did today i had my 1100 ada+4000 margin ada ready to fly and they dumped btc a few hours before the event,we were waiting so long for this.
Reply
@Oacen, I saw you in a few posts nagging about whales and manipulation lately. let me explain one thing to you, if you follow this one adivce you will become profitable despite dump/pump:
You and only you are responsible for your profit and loss. the market tells you everything in the chart, even if they want to dump the market, they do it accodring to technical analysis. if you follow the risk managment you will be good even if they dump the market.
But as long as you keep blame the market, the market simply keep taking money from you ;)
Reply
MJI786 ProTrader64
@ProTrader64, agree :)
Reply
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