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UnknownUnicorn4304403
Aug 22, 2019 10:38 AM

Bitcoin 4hr 8-22-19 

Bitcoin / TetherUSBinance

Description

Looking at that 4hr chart this a.m. and we sank again last night. These bears are not letting up. We are currently fighting to get over that .236 fib ($10038). The triangle pattern I had on my chart was looking like it was becoming invalid so I redrew another triangle that is still valid. Currently we are under a lot of potential resistance... The 50 and 200 MA's and the cloud is above us. There is a lot of bearish sentiment floating around right now so keep that in mind. RSI looks good on the 4 hr if you are a bull. The daily volume right now is sitting at $18,636,216,056 and Bitcoin dominance is currently at 69.76%. We have a long way to go if this triangle is going to stay valid. I am still watching for the candles to test the top again but without help from the lazy bulls the bears are still in control. But WTFDIK?
Comments
ferGOD
Elliott Wave Double Three Combination
GeeKOpS1_3
im super cereal guys there are a bunch of whale bear bulls plotting!
GeeKOpS1_3
but WTFDIK RIGHT??? ;p
UnknownUnicorn4304403
@GeeKOpS1_3, thats right LOL
GeeKOpS1_3
the bears are about to turn bullish any time now... i am not unsure of my information... I am adding longs anywhere under the 10070 price point
UnknownUnicorn4304403
@GeeKOpS1_3, I like how you think
GeeKOpS1_3
@HeisenbergBTC, and I you sir (tips hat) ;)
bryanandrew
@GeeKOpS1_3, me too, I’m scaling in longs every $50 from $10075 down to $9500

Catch the dip and ride the wave!

But...WTFDIK Right?!
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