Heres a look at the small TA i've done today BTC/USD on 4hr candles. Bitcoin is showing major signs of a bearish market we first see the MA 50 crossing MA 200 yesterday. Second we see a bear flag forming, with this i can only predict the right shoulder of the H&S breaking the short term trend(green) and testing the long term trend from the 6k low(red). Here we...
A look at Btc/Usd 4hr candles, since Bitcoins low of 6k we have seen resistance at around 11.6-11.7k(red) on two occasions. We see a strong trend line from the all time high(black) If we are able to break this trend line this would be very bullish sign. Although with the 50MA crossing the 200MA is a very bearish sign, which could result in the testing of the...
