The daily chart seems quite indecisive at the moment, but by zooming out the weekly things look much more bearish to from here.
Clearly looks like we are in a consolidation between Weekly 200 EMA as resistance and 200 MA as support.
Also we have some very heavy resistance around 4200. Weekly 21 MA is closing in on price, currently at 4182.
A good rebound occurred late at night while I was sleeping. The day after, upon seeing the chart, I was initially angry that it occurred at a time when I couldn't act upon on it. But I then made a conscious decision to see this event in a more positive light. My strategy would have captured this move as an entry signal was generated at the start of the bull move...
Bitcoin Monday Morning Feeling
Bitcoin finally gave up the weekend rally with a little double
top at 8399 before falling away overnight to a low at 8005 at
A break below 8000 was needed to trigger the next short from
Since then it's made a little counter-rally but looks vulnerable
again once it fails and the small rising dynamic...
The investors take profit?
The company Netflix has had a good performance after earnings report. Four days with winnings and today, the market feelings can take another position ... pay attention for the feelings and emotions!
"An investment in knowledge pays the best interest" - Benjamin Franklin
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