Bitcoin's Fate 4hr Chart
Updated
So BTC is finally coming down to this critical point.
It's been on that downtrend getting tighter on the 4hr chart.
Over the past week we've had Lower High's but we've also had Higher Low's. (Hence why I said it's tightening up).
RSI is showing some bullish indicators too as you can see.
EMA's are almost caught up too so all we really need, imo, is some volume to come in on the buyers to push them above.
Once those 2 EMA's cross we will get a good move.
Finally, we've had some pretty positive news as of late so to be quite honest, I'm hoping for a bull move.
It's been on that downtrend getting tighter on the 4hr chart.
Over the past week we've had Lower High's but we've also had Higher Low's. (Hence why I said it's tightening up).
RSI is showing some bullish indicators too as you can see.
EMA's are almost caught up too so all we really need, imo, is some volume to come in on the buyers to push them above.
Once those 2 EMA's cross we will get a good move.
Finally, we've had some pretty positive news as of late so to be quite honest, I'm hoping for a bull move.
Comment
EDIT: push the candles above the EMA's.Comment
I'm currently trading ADA, NCASH, VEN so I'm trying to lock in those profits.Comment
BTC candle hit that 7k resistance point. It really needs more volume to push through and reverse the trend. If it keeps doing down then we may get that final washout.
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