Mulakan
FortunaAlgoAnalytics

Bitcoin's Significant Upward Resistance Suggests Drop Is Near

Singkat
Indeks Bitcoin (BITMEX:XBT)  
FortunaAlgoAnalytics Telah dikemas kini   
BITMEX:XBT   Indeks Bitcoin
Moving Averages Wedge Support and Resistance BTCUSD BTCBUSD altcoins Cryptocurrency shortsetup moving_average wedgepatterns
7
7
movingaverage wedgepattern supportandresistance btcusd btcbusd altcoins cryptocurrency shortsetup moving_average wedgepatterns
Bitcoin is facing significant resistance from both moving averages and the combined wedges that have been forming over the last few months.

Equity markets and Bitcoin are closing into key technical make or brake moment. I believe we might see more bull traps before a significant drop over the next week.

Goodluck
Komen:
Bull Trap away. I'd be looking for the 100 DAY SMA to re-enter a short
Komen:
Question we have to ask ourselves is if Bitcoin has enough sole momentum to surge up through the 100 Day SMA to challenge the 200 Day SMA. In my opinion, this is unlikely but we might see 1-3 partial candle break through, only to get dumped on Wednesday.
We have now seen the bull trap but if we see a significant dovish turn from the fed, I would be willing to turn 180 degrees on my bearish outlook.
Komen:
'Who's your Daddy and what does he do...?"

Idea Berkaitan

FortunaAlgoAnalytics
Bitcoin's inevitable drop to 16k underway?
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.