Bitcoin Longs Need to Break through Resistance or Fall More

BTCUSD Longs (BITFINEX:BTCUSDLONGS)

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BITFINEX:BTCUSDLONGS BTCUSD Longs

This chart shows bitcoin longs have tried to break through resistance but got rejected several times. The AO is bellow 0 as well. To me, it looks like bitcoin will come further down giving shorts an opportunity.

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Edit: I wrote that the AO is below zero. I meant to write approaching 0 (from above not bellow).

Commentaire:

Longs rejected like like a hot girl being asked for her number

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