BitcoinMF
Long

Btc Daily Thought and Analysis (or when will RED stop)

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
BITMEX:XBTUSD
BITFINEX:BTCUSD


1D. seems like we cant break out and sustain above 4K. we tried twice on the daily but today got confirmation for not supporting 4K.
Question is what next?
:eyes: how indicators look bearish , only the MACD hints that a reversal might be at play.



12H. strong sell pressure from strategy first EMA (16)
notice how reject is on the EMA line this time confirming the EMA as RES.
But although price drops we see a slow down in volume
A wick down to bottom bb is POSSIBLE pay attention


6h. lets see if we keep opening the bottom bb for more Down PA.
(I hope not)


4h. bulls tried but couldn't break the level and got rejected again at EMA
We :eyes: for volume on this TF


2h. will PA get back to bb bands?
might revrese and head back to test the EMA for res. no advice


1h. sell volume rising :eyes:


30min. the fight


15min. the test


5min. The courage

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