The 50 EMA (Yellow) is almost in the direction for a potential death cross of the 200 EMA (Blu), though we ranging in a "non trade zone". Last time that such an event occurred, we had a drop BTC to the bottom line of the descending triangle, around the price of 93]00-9400.
Will this be the outcome of the bearish channel we are currently looking at?
Will this be the outcome of the bearish channel we are currently looking at?
Transaction en cours:
The 4 hour 50 EMA death crossed the 200 EMA, giving us now a bearish signal and an entry for a short. Eyeing the bottom of the triangle which developed during the past weeks, lets see if we can reach it and break it, thought I see a lot of resistance at the bottom, by the bottom line plus the daily 128 EMA waiting us on the lower ranges around 9450-9300.
Trading and analysis are two different skill sets. A tiny percentage of traders possess both capabilities. TA, investor and Developer. Space engineer - CFA