The whole market almost pumped as the BTC market attacked the level of $6,950, then limited by the MA60. In the 4-hours chart, the red pillars kept contracting, but it still ran below the zero axis. Since the rebound space was limited, and the pressure above was heavy, even the shorts was weakened but it does not mean that the longs starts being the main force. We should be careful that the market presents a weak increase then falls back. Short while each high position is suggested.
ETH once rebounded to the level of $176, then limited by the MA30. In the 4-hours chart, MACD ran around the zero axis. In the short-term, the battle between the longs and shorts was close. From the volume, we can see the volume while rebounding was not enough. If the market cannot break the level of $176 with a high volume, the longs would be weakened then. It may cause the MACD to indicate a dead cross, that would be considered as a short signal.
Binance Options Copied from BitOffer: medium.com/@SorosLamfer/the-king-of-copy-binance-cheated-again-52a7c971cbf7
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#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD
ETH once rebounded to the level of $176, then limited by the MA30. In the 4-hours chart, MACD ran around the zero axis. In the short-term, the battle between the longs and shorts was close. From the volume, we can see the volume while rebounding was not enough. If the market cannot break the level of $176 with a high volume, the longs would be weakened then. It may cause the MACD to indicate a dead cross, that would be considered as a short signal.
Binance Options Copied from BitOffer: medium.com/@SorosLamfer/the-king-of-copy-binance-cheated-again-52a7c971cbf7
Register and Get 50 USDT Bonus: bitoffer.com
Join our group: t.me/bitofferen
#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.