Bitcoin: Test for the bulls.

2020년 2월 26일

Bitcoin lost the critical $9500 level and is now looking to retest an aread of confluence below namely:

- 200 day moving average at $8789
- The point of control of the whole move at $8600
- The 50% Fibonacci retracement level
- The 20 and 50 week moving average at c.$8500
- The CME gap.

In simple terms, i am looking to short a bearish retest of $9550 and am not bullish until we can break the pattern of lower nighs and lower lows, to reclaim $10000.

The overall bull trend needs the area of support to hold; it presents an attractive risk-defined long term long entry i plan to close out short cover down here.

I covered off this in much more detail in my free newsletter along with on-chain analysis and depth toward my 12 month forecast, which you can sign up to in my bio.

Drop a like if you want to support, otherwise, thanks for dropping by.

Good luck, filb

2020년 2월 26일

노트

Well that escalated quickly.

2020년 2월 26일

노트

Still think 8555 could be looked at before we get a decent bounce.

2020년 2월 27일

노트

Send it!

tradingview.com/chart/Yeavhmaw/

2020년 3월 2일

노트

Took some profit on my longs here.

Looking to reenter markets 8500-8650.

I will give day to day updates in my telegram channel - see bio.