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RE: BITCOIN is moving next 4000$ or Is this a Trap ?
I suspect that this will hit major overhead resistance at around 4400, which coincides with previous resistance/support in 2017 plus the falling 50 EMA . This presents a good opportunity for a pullback and allows me to pencil in the head and shoulders formation.
This will be a major battle here, and unless we break above that level, the bears are still in full control and we could continue in a long term descent back below 3000.
please take a look at my recent post and tell me what you mean.
follow me for more crypto ideas.
https://steemit.com/bitcoin/@orphism/bitcoin-is-the-bear-market-over
I appreciate you personally for the analysis with EMA chart. As compare to last year Market is associate with lots of trap and flash of bleeding. But yes there are good news and opportunity for trading is always there.
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