BTC- WHIPSAW ANALYSIS -1HR. BITGET
Thursday Reversal!! More like Thursday Whipsaw
Trading! Pay yourself!
Fast move up, fast move down!
Analysis. Price found support just under the 0.618 breaking below at low volume with bearish pressure being absorbed
with a bounce on the cards we use the emas as possible areas of resistance, the 1hr 200ema/ 4hr 50 ema has been knocking
price down from 32430 and was just under the local 0.618 (20650).
in order for price to move up we need it to flip the 15min, 1hr and 4hr 50 emas into support.
failure i expect price to continue lower
Not Financial Advice
Mind Your Risk
Trading! Pay yourself!
Fast move up, fast move down!
Analysis. Price found support just under the 0.618 breaking below at low volume with bearish pressure being absorbed
with a bounce on the cards we use the emas as possible areas of resistance, the 1hr 200ema/ 4hr 50 ema has been knocking
price down from 32430 and was just under the local 0.618 (20650).
in order for price to move up we need it to flip the 15min, 1hr and 4hr 50 emas into support.
failure i expect price to continue lower
Not Financial Advice
Mind Your Risk
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