Hi fellow crypto-traders!
Looking at the 4 hours chart (which is the chart that gives me a better clue of what's going on, and of course reading TA theory, crypto-news and our top-authors, and non-even-authors like yours truly), I see that even though the bulls have been pushing hard for the last couple of hourly sessions, the MA-200 (in red) is playing as a mayor resistance, provided that the .38 (7.06%) of the Fibonacci Retracement is almost aligned with it. Also, the 50 and 100 MA are sloping downwards as if they were indicating that the bear-rally that started when the price couldn't break the 10k line isn't over.
Maybe I'm too stoned, but I will stay tune and see how the day ends. It's important to check if that 200-MA remain as a resistance or if it turns into support.
Paz.
Looking at the 4 hours chart (which is the chart that gives me a better clue of what's going on, and of course reading TA theory, crypto-news and our top-authors, and non-even-authors like yours truly), I see that even though the bulls have been pushing hard for the last couple of hourly sessions, the MA-200 (in red) is playing as a mayor resistance, provided that the .38 (7.06%) of the Fibonacci Retracement is almost aligned with it. Also, the 50 and 100 MA are sloping downwards as if they were indicating that the bear-rally that started when the price couldn't break the 10k line isn't over.
Maybe I'm too stoned, but I will stay tune and see how the day ends. It's important to check if that 200-MA remain as a resistance or if it turns into support.
Paz.
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.
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.