Only a close above 9.2k could revive bitcoin
Updated
Hi folks!
Maybe I'm too stoned but I have one thing to confess: bitcoin worries me. Taking a look at the 4 hours chart, btc find itself in the middle of a disjunctive. It has already been rejected when it tried to get above the MA-10 (in red) but still finds resistance on the MA-50 (in yellow).
We still have the current four hours session and one more to close the day. Let's see if bulls can gain momentum. I doubt it though.
Maybe I'm too stoned but I have one thing to confess: bitcoin worries me. Taking a look at the 4 hours chart, btc find itself in the middle of a disjunctive. It has already been rejected when it tried to get above the MA-10 (in red) but still finds resistance on the MA-50 (in yellow).
We still have the current four hours session and one more to close the day. Let's see if bulls can gain momentum. I doubt it though.
Note
If you don't like my fire then don't come around, cause I'm gonna burn one down... Yes folks, I might be really stoned but I can see how that MTF 50-MA is working as stiff resistance for bulls.Note
let's hope it turns to support now and take us to 9.5k.
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