BTC Failed 4hr EMA Ribbon Flip

Jan 22, 2022

If BTC repeats itself from the last time the ema ribbon on the 4hr couldn't flip bullish, we can expect a deeper cut. This price target would also coincide with the head and shoulders pattern I posted about in Decemberhttps://www.tradingview.com/chart/BTCUSD/lKDGGrtS-BTC-Scary-Scenario-Last-chance-for-the-bulls/ I closed my long positions as candles closed below the ribbon, luckily before things got ugly https://www.tradingview.com/x/vnYelSsuhttps://www.tradingview.com/x/sPW1Xege/ Zooming out, this looks like the last chance for the bulls before things get worse https://www.tradingview.com/x/6EtXCgRM/