BitcoinShort
RACEACEACE BTCUSD BITCOIN XBTUSD DUMP INCOMING BEARISH 4HR CROSS
On the 4 HOUR CHART, the TEMA 1000 (Red) is now crossing below the EMA 287 (WHITE). Also on the 4 hour, the price has been rejected, so far, by the EMA 287 (White).
The last time this cross happened on the 1 minute, the price dumped: (please pay attention to WHITE = EMA 287 and RED = TEMA 1000)
If this cross were to play out on the 4 hour it would be nasty.
On the 15 minute, the nearest M.A support is the EMA 287 which is at around 7250.
1 hour chart supports labeled with purple horizontal rays:
Reminder: 7232 IS A HEAVY CHOP ZONE.
I am currently in a short scalp trade.
The last time this cross happened on the 1 minute, the price dumped: (please pay attention to WHITE = EMA 287 and RED = TEMA 1000)
If this cross were to play out on the 4 hour it would be nasty.
On the 15 minute, the nearest M.A support is the EMA 287 which is at around 7250.
1 hour chart supports labeled with purple horizontal rays:
Reminder: 7232 IS A HEAVY CHOP ZONE.
I am currently in a short scalp trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.