JonnyM92

Long Time bearish Trend line VS 200 Week MA!!! FIGHT !

Short
BITMEX:XBT   Bitcoin / U.S. Dollar Index
Hi Guys so as we can see the dark red trend line is still the most bearish trend line of all in this BTC bear market. It already brought us down from the 6k levels.
The only way right now to cross this trend line is with the 200 MA weekly support which crosses the Trendline at 22. - 24. April and at 3.5k levels.

Opportunity to short at the Trend line and buy at the Weekly 200 MA everything else is too dangerous. A decision will be expected next month.
IF we cross the trend line earlier i am SUPER BULLISH .
Comment:
Comment:
Next possible Scenarios
Comment:
Comment: looks like the trendline breaks.. im out of my trade

Comments

But what if we break the 200 MA weekly support.
Reply
JonnyM92 CryptoBunnee
@CryptoBunnee, here's a bigger picture. But it's not a clean chart. I am using only the BitMEX Charts because it's by far the most leading Exchange.
Reply
JonnyM92 JonnyM92
@JonnyM92, we couldn't even break the weekly 200 EMA which looks for me very very bearish... so most likely we are going down before going up. Altcoin are done btw...
Well but that's only my opinion you have to figure it out yourself :)
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out