AmitSchandillia
Long

BTCUSD: Bears still lurking in the shadows

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We seem poised to breach 100EMA on the daily chart . My hypothesis is that if that happens, we might see a brief rally to around 9.9k before a potential ominous news pulls us back below that line. The precedent can be seen when this happened last on 2/27. BTCUSD 0.19% had closed at 10.4k that day after briefly teasing the 100EMA on the daily. That day, MACD was just starting to breach into positive while the signal line was still below zero. Over the next 6 days, BTCUSD 0.19% continued on to 11.1k before making a very sharp reversal going as low as 7.2k over the next 13 days. Today, we have a similar scenario with the MACD just about entering the positive, signal line still below zero, and 100EMA about to be breached. Discounting the bears completely in this euphoria would be a blunder.
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out