BTC First weekly close below 233 weekly in history
But why 233? Well, it is a fibonacci number and I have seen fibonacci numbers are very significant in trading in general for whatever reason. Maybe bots, maybe other reasons, but here's what I see: We closed below it for the first time and today/yesterday we tested exactly up to it and got rejected, it is now a resistance point and could send us into the bear market of all bear markets -> idea about that one linked.
Looks worth it to punt a short here and see what happens.
Looks worth it to punt a short here and see what happens.
Note
We just got rejected exactly on the 200ma, after crossing above the 233 ma. Short reinstated and closing position only if 200ma is crossed to the upside.
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