BITCOIN PING PONG LIKE A PROsteemCreated with Sketch.

in #blog • 5 years ago

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Bitcoin seems to be playing ping pong like a pro moving sideways on a tight range with less than 1k of gap between $7700 to $8800 but still not breaking on any of the two directions

Capture23as.PNG

From the 4 hour chart this seems like accumulation zone, still not forming any kind of bearish pattern but all confirmation of accumulation, the 200 EMA holding and totally flat on the 1 day chart

Capture223as.PNG

but even if its true that indicators dont look 100% bearish the trend is till strong since the $14k blow off top of 2019 I dont see Bitcoin for the rest of the year over $10 at least but it looks like it is setting up for a possible move next over $9k, two days ago we had an attempt but it seems the market didnt backup the pump but the possibility is sitll there in my opinion, looking for Bitcoin to be over the recent pump to then probably get into another long position, I will not short Bitcoin under current circunstances weekly RSI under 40, more details on my tomorrow post at Crypto & Coffee #0034 at https://steemit.com/@cryptoxicate

If you like the content please click on the first banner at the start of the article that helps or you can upvote this post at https://steemit.com/@rombtc

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BITCOIN: 1DTk43ycprv5KKN5NKoqxjcUtLXkq7bKH2
LITECOIN: LiY3YyV8xWGh2h8EM9hVeF5pBhamsE9jMY
ETHEREUM: 0xd09e47A64c81aca28cf639FaD1EA428Be4fB6F2E
TRON: TEh2KR6rsa3p81SvbVspSfuEXfoBzTWxZQ
BAT: 0xd09e47A64c81aca28cf639FaD1EA428Be4fB6F2E
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5 years ago in #blog by
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