nagihatoum

BTC is officially bearish

Short
BITFINEX:BTCUSD   Bitcoin
Broke under the 4H 200 ema retested it and was rejected. The last 4 times price action did that there was a dramatic dump. Still a possibility of one more short squeeze to 9.7k as shown by the fractal.

please refer to my idea below for further explanation on trend determination using the 4h 200ema

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