TheChartGuys

BTC 4 Hour Support Defense

COINBASE:BTCUSD   Bitcoin
We are clearly seeing "Defense bots" where the price hits a certain level in the $3,500s and the market buy bots kick in.
This has happened 3 times now and the bounces are smaller every time.
We are fading back towards support and being driven down by 4 hour EMA 12 resistance.
Bulls have 0 momentum unless we get over these resistances.
The bears are on offense and the bulls are doing everything they can to prevent lower lows.
We will likely see a clear break within the next 24 hours.
Consensus: Invest (conference) starts today, and is something to keep an eye on as shorts remain confident.

Checkout our full trading resources online www.chartguys.com

Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.