After it got rejected on the 6840 the "dump" was too small.....it bounced straight from the 200ma on the 4h....if this was the bottom of this dip than its very bullish However it just seems too optimistic, i think we could still go to test the higher 6500s which was resistance for a long time..
The higher line is obvious ressitance
The support lines on the falling wedge are pretty forced but if i see it going to the high 6500s by following the bouncing on any of those 2 lines ill long the shit out of it....
Or do you think it hasnt dumped much because its the weekend and there just not enough volume?
>if this is the bottom than that's very bullish Geez.. I wonder how long it took you to come to that conclusion
Jose Mitchell
Zoom the fuck out. This is going to head back down to 6000-6300 until we get to the actual decision time which is some time in late October/early November when the massive descending triangle that bitcoin has been forming since January will be put to the test.
Cooper Sanders
i agree user but im not analyzing long/mid-term here....i just wanna understand where the reversal is to long it back up to 6780 for a safe bet...
Sebastian Lewis
also the 50ma on the 1h is aproaching....should give us extra support.....
Jaxon Williams
looks like it just broke out...
Lincoln Reyes
my Hull MA turned down but the EMAs are still up on 4H chart so it is not going down yet
Jayden Long
jesus fuck have you just seen the flash crash on bitfinex????
