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cowboycraig
Feb 2, 2023 6:08 PM

Bitcoin Challening The Daily 314 Moving Average Long

Bitcoin / TetherUSBinance

Description

BTC/USDT is challenging the 314ma on the daily chart. The SPX already just made it over. They tent to be mirrors of each other. You know, like the couple that finish each other sentences (ain't they annoying?).
This really is pump or get rejected time - sort of like a first date.
OK, enough - that's my take on it.

This is a moment of rejection or perfection. Sideways isn't really an option.
Comments
tradingplacesu
Hey brotherman...might pay to have a 200 and 50EMA and check the 4hr, daily and weekly.
Imbalances from the left are the grey lines which act as support and resistance.
The gold line is the 200EMA
and the green is the 50EMA.
and of course the bearish div can be seen like the proverbial dogs down the bottom.


ps. just a heads up, there is NO bullish div on the shorter time frames hinting of a reveral...I'd prepare for a double top if anything that lines up exactly like the Wall st. Cheat sheet. Those manipulators are so lazy lol
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