Bitcoin (BTCUSD XBTUSD): bearish signals continue

Heavy selling at the 4h 20ma signalling bearish trend. On the way up this average was support.
Look how trend changes from support to resistance:

Are we done yet? I wait for break above these averages, if that is the case.

I suspect the fib channel shown will break down soon. In which case targeting 6k region.

Komen:

Keeps testing the 20ma

Komen:

Waiting for retest of 20ma

Komen:

Retesting 20ma for support.

Komen:

We are comfortably above 4h 50ma, this is a bullish move.

Now first target is 20ma on day chart

Komen:

20ma hit! Let's see how big the retrace is, it may go back to 9500 maybe not. Eitherway the trend still looks bullish.

Komen:

50 day MA, expect a retrace here. A break above will see us reclaim 11200

Dagangan ditutup: sasaran tercapai:

My current Bitcoin trade now closed