Be Fearful for Bullish BTC

2018년 2월 11일

Hi Everyone,

Even with all the bullish try, it still looks like the bulls are finding it hard to win this one for BTC .
There are so many points which shows in this 4h chart. Check following

• Check the big bold resistance line in Blue, which is so hard for BTC to break
  
• In pullback from 6000 to 9099 (which by the way is the Blue resistence as well), it retraced exactly 38.2%. Then it starts moving up now. Place a close look at Green line moving up from 7931 towards resistance line. Two scenarios if it breaks we will have an awesome bullish trend. If it does not break the Blue bullish line, we may have a Head and shoulders pattern. What does that mean?
  
• That means it may get down near to 6700 range as part of retracement
  

Again, this is just what the chart is saying, take it with a pinch of salt and may need some vodka and lemon for all the buy position holders.!!

Take Care and Happy Trading.!!