It's looking tough for the BTC/USD pair
Hi fellas,
I was stoned last Saturday afternoon and decided not to close my long position. I thought the target was 10.2k. I was wrong and now I'm waiting to see if I better closed it or keep it open.
Right now, looking at the 4 hours chart btc is having real problems (if you're long long me). The main crypto currency is facing a damm stiff resistance at the 9.3k level. If btc gets to the 50-MA (in yellow), it could be rejected and pulled down due to the bulls' exhaustion. Still, I hope the BTC/USD pair reaches the 10-MA (in red) before this moving average crosses under the 50-MA confirming the drop.
The target is there. And maybe I'm too stoned but if it holds the 9.2-9.3k level it could inspire buyers and push-up the price. Let's burn, I mean, let's wait.
Peace. Give me peace on earth. Om.
I was stoned last Saturday afternoon and decided not to close my long position. I thought the target was 10.2k. I was wrong and now I'm waiting to see if I better closed it or keep it open.
Right now, looking at the 4 hours chart btc is having real problems (if you're long long me). The main crypto currency is facing a damm stiff resistance at the 9.3k level. If btc gets to the 50-MA (in yellow), it could be rejected and pulled down due to the bulls' exhaustion. Still, I hope the BTC/USD pair reaches the 10-MA (in red) before this moving average crosses under the 50-MA confirming the drop.
The target is there. And maybe I'm too stoned but if it holds the 9.2-9.3k level it could inspire buyers and push-up the price. Let's burn, I mean, let's wait.
Peace. Give me peace on earth. Om.
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