BTC knocking on 200 1H SMA
Updated
Most afternoon BTC spent it battling the 200 SMA of the 1H chart. If BTC passes, then it needs to invalidate the hidden bearish divergence on the 1H & 4H charts to get to battle the 50k resistance.
If it fails, it’s a free fall from here to 47.6k then 44k if it doesn’t hold.
Personally I remain bearish on the short term unless BTC goes through walls stated above.
If it fails, it’s a free fall from here to 47.6k then 44k if it doesn’t hold.
Personally I remain bearish on the short term unless BTC goes through walls stated above.
Trade closed: stop reached
Bitcoin managed to break through the barriers with crazy volatility... the bearish hidden divergence along with the SMA has been conquered.
Unless you figure a way to make money while you sleep, you’ll work till you die.
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