100 MA has just slapped BTC right in the teeth as it cracked the top of the pennant. Will it make it to the 200 MA? It's also converging with the Gann fan 1/1 S&R line set at the pinnacle of BTC price. The MACD has also crossed on the 1 hour, heading for a 4 hour cross. It's gonna be brutal. 20/50/100/200 MAs. Right now BTC is meeting Mr. 100 and not far to...
BITFINEX:BTCUSDLONGS BITFINEX:BTCUSDSHORTS BITFINEX:BTCUSD I think this is the funniest TA i have ever made.. lets see the result at the end of april. LONGS (white): on support + over shorts. SHORTS (turquoise): rising wedge w/ longs support. USD (orange): strong support. CIRCLES (yellow): long/short with long support touch.
Sorry guys, no moon yet. We're heading to the bottom at 4700. First price will break the main support (yellow arrow). It will then retrace (blue arrow). Finally going down deep into mount doom at 4700.
Perfectly caught bottoms
Could this be the beginning of the next BTCUSDShorts Bull Run? Short term bearish action seems likely but recent events have taught important lessons. Amateur bears rekt. Professionals will still try to gain control. Meanwhile, bulls prepare for the next ambush.