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As you may have noticed BTC pumped slightly well , but I wouldn't be so happy with this pump.
On 1 HR chart 50 MA and 100 MA have crossed 200 MA down, which is very bad. This pump happened for 5 minutes, which is bad too, cause good growth happens only during smooth pumps.
On 4 HR chart we can see resistance 100 MA, which is blue, where we have stopped for now.
Also we can see big downtrend line, which is red.
Volume after this pump is disgusting, market have almost stopped. Seems that this market is almost dead and this pump was only to close the gap at 7750.
Lot's of selling pressure was during this pump.
I wouldn't be too optimistic now.
Don't want to give you any financial advise, always DYOR.
Wish you all the best!
As you may have noticed BTC pumped slightly well , but I wouldn't be so happy with this pump.
On 1 HR chart 50 MA and 100 MA have crossed 200 MA down, which is very bad. This pump happened for 5 minutes, which is bad too, cause good growth happens only during smooth pumps.
On 4 HR chart we can see resistance 100 MA, which is blue, where we have stopped for now.
Also we can see big downtrend line, which is red.
Volume after this pump is disgusting, market have almost stopped. Seems that this market is almost dead and this pump was only to close the gap at 7750.
Lot's of selling pressure was during this pump.
I wouldn't be too optimistic now.
Don't want to give you any financial advise, always DYOR.
Wish you all the best!
Comment:
Lol, market dumped in a few seconds after this post.
Comment:
My congratulations!