AlanSantana

Bitcoin | The Fight For MA200 Continues | Bulls Are Lossing Cont

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
On the 4H XBTUSD chart, the battle for MA200 continues.
Looks like the bears are gaining momentum while the bulls are losing control.

Prices for XBTUSD are now below MA200, the main resistance that needs to be conquered if Bitcoin wants to continue moving higher.

  • On this chart, below MA200 is bearish .
  • Above MA200 we go with the bulls...

Who do you think will win?

Namaste.
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Comments

Looks to me that we need to hit the .618 fib retrace as per usual. see an old post of mine and use in this bear cycle for same results. Therefore 8400 to 9k is coming.
+1 Reply
AlanSantana HowToBuyBitcoin
@HowToBuyBitcoin, Thanks for sharing.
Reply
thanks for the work Bro. i am more on bearish side as for now
+1 Reply
AlanSantana CognitoBTC
@CognitoBTC, Thanks for sharing. I was also feeling the bearish sentiment but I think it is gone to neutral for now... Just sideways.
+1 Reply
CognitoBTC AlanSantana
@AlanSantana, yes brother. Pleasure
Reply
Thank you Alan. I personally agree the bears have a slight upper hand here and think we'll probably see another dip to $6800 or even $6400. But I think this will quickly be bought up by the bulls and probably continuing up to the upper channel around $8800-$9000.. from there who knows :)
+1 Reply
@MaxyC, Looking good, I can see your scenario easily.

Thanks a lot for sharing.

Namaste.
+1 Reply
It looks like a little cup (from 23 till now) what it now becomes. I see this as the bottom that we have for 2019 and that it will grow now more and more. What you think?
Reply
AlanSantana imbusiness
@imbusiness, I am still open to seeing anything until more volume comes in... This low volume is very risky as anything can happen all of a sudden.
Reply
A 200MA on a 4H chart is the same as 33MA on a Daily chart. Your 200MA is not as significant as you think it is.
Reply
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